Tag: Lunar New Year and scrap market trends
-
Japanese H2 scrap export offers remain unchanged w-o-w amid muted activity ahead of holidays
Weak Asian demand limits scrap market activity Price rebound seems unlikely before early 2025 Japanese H2 scrap export offers held steady w-o-w as year-end slowdowns and weak demand from Asian steelmakers kept trading activity muted. Vietnamese mills and other buyers avoided significant restocking, citing bearish market sentiment, cautious outlooks, and the approaching Lunar New Year…