SteelMint

Tag: Japan export prices

  • Japan: Scrap export offers rangebound after touching 3-month high

    Japan: Scrap export offers rangebound after touching 3-month high

    —

    by

    Anshuman
    in

    Japanese scrap export offers have fallen over the week because market participants are only floating modest buying enquiries. SteelMint’s assessment for Japanese H2 scrap export prices stands at JPY 49,500-50,000/t ($375-379/t) FOB, down by JPY 1,000/t ($8/t)w-o-w. Prices are hovering around 50,000/t. The Japanese currency has appreciated, trading at 131.8 in the currency exchange market.…