Tag: Japan: H2 scrap export offers rise $4/t amid currency depreciation

Japan: H2 scrap export offers rise $4/t amid currency depreciation, price hike by Tokyo Steel

Jun 28, 2024

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by

Kanishka Chhabria

in Melting Scrap

Japan’s H2 scrap export offers rose by JPY 700/tonne (t) ($4/t) over the past week due to the depreciation of the JPY against the US dollar. However, demand from key importing nations remained subdued due to slowdowns in their domestic markets. BigMint’s weekly assessment shows that Japanese H2 scrap export offers are now at JPY…