Tag: Japan: Ferrous scrap prices stable in Nagoya as buyers get into wait-and-watch mode

Nagoya region ferrous scrap prices remain stable as market participants have adopted a wait-and-see approach. Limited export contracts prompted overseas buyers to match local rates for Japanese scrap. Steady crude steel production has seen prices remaining stable with increased arrivals. Tokyo Steel’s export strategy curbs market pressure. Certain Toyota Group lines are still halted, but…