SteelMint

Tag: Japan Kansai Scrap Export Tender

  • Buyers lower bids for Japanese ferrous scrap, outlook bearish

    Buyers lower bids for Japanese ferrous scrap, outlook bearish

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    by

    Reena
    in

    Japanese scrap suppliers continued to raise offers this week for key destinations like Vietnam, Bangladesh, South Korea etc. However, bids have come down, tracking the decline in Chinese steel futures. SteelMint’s assessment for Japanese H2 scrap exports stands at JPY 51,000/tonne (t) FoB, up JPY 3,000/t ($27/t) w-o-w. Hyundai Steel lowers bid for Japanese scrap…