Tag: Japan: H2 scrap export offers dive w-o-w amid cautious Asian buying

Tokyo Steel reduces bids amid rising scrap inventories South Korea, Taiwan buyers wary amid seasonal slowdown Japan’s H2 ferrous scrap export market weakened in early July as a stronger JPY dampened competitiveness. Offers to Vietnam ranged between $313-320/tonne (t) CFR, but bids remained lower at around $313-315/t amid soft demand and a weakening VND. Traders…