Tag: Scrap market downturn

Japan: H2 scrap export offers drop by $3/t w-o-w amid tepid demand, high freights

Dec 6, 2024

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by

Kanishka Chhabria

in Melting Scrap

Appreciation of JPY pressures Japan’s FAS prices Kanto tender next week may provide price clarity Japanese H2 scrap export offers fell by $3/t this week due to a combination of factors, including low demand, high freights, and bearish market sentiments. Vietnam, a key buyer, saw sluggish interest, as mills awaited greater price clarity amid reduced…