Tag: Japan scrap export offers

Japan: Absence of firm overseas bids weighs down scrap prices

May 20, 2022

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by

Deepika Singh

in Melting Scrap

Japanese scrap offers continued to decline for yet another week. The fall in export prices is weighing on Japan’s domestic prices as well. SteelMint’s assessment for Japanese H2 scrap export prices stands at JPY 57,000/t ($445/t) FOB, down by JPY 3,000/t ($23/t) w-o-w. Market overview Major South Korean mills continue to keep away from import…