Tag: Japanese yen weak

Japan: H2 scrap export prices climb JPY 700/t ($5/t) w-o-w as JPY weakens

Oct 10, 2025

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by

Adarsh Ramteke

in Melting Scrap

Weak JPY boosts export competitiveness Tokyo Steel increases scrap prices across most plants Japan’s H2 scrap export prices climbed w-o-w, driven primarily by a weaker yen, which recently fell to a seven-month low against the US dollar. A trader commented, “Prices increased due to supply tightness, but the main driver was the weak JPY.” BigMint…