Tag: Japan: H2 scrap export prices decline as Tokyo Steel extends price cuts; Vietnam shifts to billets

Softer collection prices weigh on Japanese export sentiment Price gap between billet, bulk scrap shrinks to $100-120/t in Vietnam Japan’s H2 ferrous scrap export market remained under pressure in the week ended 3 August due to competitive export offers, Tokyo Steel’s domestic price cuts, and cautious Vietnamese buying, with the recent southern Japan earthquake having…