Tag: Japanese H2 scrap export offers drop further by JPY 1100/t ($7/t) w-o-w

Japanese H2 scrap export offers drop further by JPY 1,100/t ($7/t) w-o-w

Aug 2, 2024

—

by

Kanishka Chhabria

in Melting Scrap

This week, Japanese H2 scrap export offers experienced a downtrend due to the recovery of the JPY against the US dollar. Notably, while the export offers decreased in JPY terms, they rose in US dollar denomination, leaving buyers surprised and cautious. Currently, 1 JPY stands at 0.00671 USD, up from 0.0065 USD on 26 July,…