Tag: Japan: Kanto scrap market shows signs of stabilisation as arrivals ease

Vietnam and Taiwan buying interest improves Weak electric-furnace production limits demand Japan’s Kanto steel scrap market showed signs of stabilisation, with incoming volumes at key collection bases easing after recent price cuts. However, weak electric-furnace production and limited regional supply-demand tightness are keeping buyers cautious. Totetsu reduced scrap purchase prices by JPY 500-1,500/t ($3-10/t) across…