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Tag: Hyundai steel bids for Japanese scrap

  • Bids for Japanese scrap fall, but rebound likely

    Bids for Japanese scrap fall, but rebound likely

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    by

    Reena
    in

    The Japanese scrap rally, which had hit an all-time high, has created a panic situation globally after Turkey’s imported scrap prices rebounded by over $50/t d-o-d yesterday. Though Japanese scrap export prices have shown some signs of weakness this week, the outlook is bullish and a rebound is expected.