Tag: higher freight
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East Asia: Japanese H2 scrap prices rise w-o-w on tight supply, higher freights
Vessel shortages limit cargo availability Deep-sea scrap prices edge up w-o-w East Asian scrap markets strengthened during the week ended 30 March, supported by firmer Japanese export offers and limited cargo availability due to vessel shortages. Rising freight rates and logistical risks kept offer levels elevated, while buying activity in Vietnam remained cautious as mills…