Tag: Japan: EAF mills extend scrap price cuts amid ample inventories and weak demand

Tokyo Steel cuts H2 scrap prices for fourth time this month Weak Vietnam demand limits export market support Japan’s electric arc furnace (EAF) mills continued to lower domestic ferrous scrap purchase prices in the Kanto region, with prices falling by around JPY 500/t ($3/t) as comfortable inventories and subdued domestic demand weighed on procurement. Tokyo…