Tag: Japan scrap export price
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Japan: Scrap export offers drop further on lower bids
Japanese scrap export offers continue to decline for another successive week, owing to lower bids received from overseas markets like Vietnam and South Korea. SteelMint’s assessment for Japanese scrap export prices stands at JPY 51,000/t FOB basis, decreasing by JPY 500/t w-o-w. Why have prices come under pressure? Offers to Vietnam fall further: Japanese bulk…