Tag: Japan: H2 scrap export offers fall by $3/t w-o-w following currency appreciation

Japan: H2 scrap export offers fall by $3/t w-o-w following currency appreciation

Jul 26, 2024

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by

Kanishka Chhabria

in Melting Scrap

This week, Japanese H2 scrap export offers have decreased further due to the appreciation of the JPY against the US dollar. Despite this, seaborne demand remained sluggish. Additionally, Tokyo Steel, the largest EAF steel producer, reduced scrap procurement prices twice this week. Effective 26 July, 2024, prices were cut by JPY 500/t ($3/t), setting new…