Tag: Japanese shredded scrap
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East Asia: Japan H2 scrap prices rise while Vietnamese buyers resist higher offers
Higher freight and stronger JPY weigh on exports Selective buying limits further upside in Japanese scrap Japan’s H2 ferrous scrap export prices moved higher during the week ended 21 September, supported by higher freight costs, firmer overseas offers and expectations of further price increases. However, a stronger JPY and elevated freight continued to weigh on…