Tag: Japanese H2 scrap prices strengthen; US scrap values steady amid firm seller sentiment

Wide bid-offer gaps restrict H2 trade despite improving demand Weather-related supply crunch, stronger euro support US prices Japan’s scrap prices strengthened in the week ending 23 January 2026 on positive sentiment ahead of the Lunar New Year, supported by firm offers and improving Vietnamese demand despite currency challenges. However, deep-sea trade remained limited due to…