Tag: Japanese scrap offers
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Japanese Scrap Prices Likely to Remain Strong; Market Awaits Kanto Tender Response
Before going for golden week holidays spanning 29th Apr-06th May, Japanese scrap prices inched up on restocking activities witnessed from steel mills. Major EAF steelmakers and manufacturers raised bidding prices for domestic scrap by upto JPY 500/MT in order to secure inventory necessary for operations during long consecutive holidays. Bids presented by most of the…