Tag: yen-led support

Japan: H2 scrap export offers remain largely stable w-o-w amid dull overseas demand

Jul 18, 2025

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by

Adarsh Ramteke

in Melting Scrap

JPY slide lifts Japan scrap offers, demand still lags Korean steel mills sit out as inventories pile up Japan’s H2 ferrous scrap export prices rose slightly by JPY 150/t ($1/t) w-o-w in mid-July, supported by a weakening JPY. Despite the currency depreciation, sellers kept offers firm due to subdued overseas demand and limited trade activity…