Tag: Japanese scrap offers downtrend

Japan: H2 scrap export offers drop by $8/t w-o-w following Tokyo Steel’s price cut, weak demand

Apr 25, 2025

—

by

Kanishka Chhabria

in Melting Scrap

Vietnamese, Bangladeshi buyers reduce bids amid caution Strengthening JPY, tariff uncertainties weigh on sentiment Japanese H2 scrap export offers extended their downtrend this week, pressured by weak demand and hesitant buyer sentiment, which was also reflected in Tokyo Steel’s latest scrap purchase price cuts. BigMint’s weekly assessment of the same stood at JPY 40,900/t ($285/t)…