Tag: weaker JPY

Japan: H2 scrap export offers rise by $6/t w-o-w on improved market sentiments, weaker JPY

May 16, 2025

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by

Kanishka Chhabria

in Melting Scrap

Vietnam shows restocking interest but no bulk deals closed Taiwanese buyers stay cautious due to sluggish rebar sales The Japanese H2 scrap export market saw a slight price rise during the week, supported by improved sentiment, a weaker JPY, and firmer billet prices. BigMint assessed Japanese H2 at JPY 41,300/t ($284/t) FOB Tokyo Bay, up…