Tag: Japan scrap export offers

Japanese scrap export prices inched up this week. Slow demand from overseas buyers due to bid-offer disparity kept trade activities gloomy. However, South Korean mills can reserve a limited quantity.  Scrap suppliers targeted a price of JPY 52,000/t ($401/t), while Korean steelmakers perceived JPY49,000/t ($378/t) as a high price, so the gap between the two…