Tag: Lunar New Year scrap market
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Japan: H2 scrap export prices rise by $3/t w-o-w; market remains quiet amid holidays
Buyers stay on sidelines, await price clarity Tokyo Steel cuts scrap procurement prices Japan’s ferrous scrap export prices saw a slight uptick, but market activity remained quiet due to the Lunar New Year holidays starting on 29 January 2025. According to BigMint’s latest assessment, Japanese H2 scrap export offers stood at JPY 42,000/tonne (t) ($271/t)…