Tag: japan scrap price
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Japanese scrap prices subdued on dim export outlook
Scrap iron prices stay flat as market prices of H2 grade stand at 39,500 ~ 40,500 yen. New export contracts to South Korea are limited due to a decline in domestic demand for steel products. Hyundai Steel reduced its bid price for Japanese scrap by 1,700 yen last week. Tokyo Steel’s Tahara Plant also lowered…