Tag: Vietnam high freight costs scrap market

Japanese H2 scrap export offers remain unchanged w-o-w amid subdued buying interest

Nov 22, 2024

—

by

Kanishka Chhabria

in Melting Scrap

Weak demand, high freights make buyers wary Feng Hsin Steel cuts rebar, scrap buying prices This week, Japanese H2 scrap export offers held steady, as buyers maintained a cautious stance amid subdued demand and elevated freight costs. BigMint’s latest assessment placed Japanese H2 scrap export offers at JPY 45,000/t ($291/t) FOB Tokyo Bay, unchanged w-o-w.…