Tag: Japan: H2 scrap export offers fell by JPY 850/t ($6/t) w-o-w on monsoon-hit demand

Mills resist buying amid elevated inventories Subdued demand may further reduce prices Japan’s H2 ferrous scrap export prices fell by JPY 550/tonne (t) ($4/t) w-o-w in end-July, driven by subdued demand. H2 offers to Vietnam were heard at $312-315/t CFR, reflecting cautious sentiment. Bids were mostly below $310/t, with the tradable level reported at $310/t.…