SteelMint

Tag: Japan ferrous scrap export offers + Far East scrap market

  • Japan: H2 scrap export offers drop by $3/t w-o-w

    Japan: H2 scrap export offers drop by $3/t w-o-w

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    by

    Kanishka Chhabria
    in

    This week, export offers for Japanese H2 scrap witnessed a decline, mirroring Tokyo Steel’s recent pricing adjustment. As a prominent EAF steel manufacturer in Japan, Tokyo Steel’s decision to reduce prices has impacted domestic scrap prices. Furthermore, the depreciation of the JPY against the US dollar worsened the downturn in market sentiment. According to BigMint’s…