Tag: Japanese scrap export prices
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Japanese scrap export prices sink to 3-month low on bearish steel market sentiments
The Japanese scrap market remains less active than usual as overseas buyers are hesitating to book fresh offers. Despite the continuous decline in scrap export offers after the Kanto tender, steelmakers kept away from the market due to bearish finished steel sentiments. SteelMint’s assessment for Japanese H2 scrap export prices stands at JPY 43,000-44,000/t ($307-314/t)…