Tag: scrap pricing pressure

Japan: H2 scrap export offers remain stable w-o-w as buyers stay cautious

Dec 20, 2024

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by

Adarsh Ramteke

in Melting Scrap

Tokyo Steel cuts prices at two plants Vietnamese buyers resist high offers Japanese H2 scrap export offers remained stable this week, influenced by thin spot liquidity and a wide bid-offer gap. Meanwhile, domestic FAS collection prices of the H2 grade were range-bound w-o-w at JPY 41,000-42,000/tonne (t). Market participants continued to monitor the situation from…