Export prices for Japanese steel scrap are showing clear signs of increasing again amid low supply following weeks of declines, market sources told Fastmarkets.
Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan was ?22,500-23,000 ($209-214) per tonne on Wednesday July 8, down by ?500 per tonne week on week.A deal for 10,000 tonnes of Japanese H2 was heard bought by a Korean steelmaker at ?22,500 per tonne fob late last week. Another Korean mill bought a cargo at the same price, market sources said.
...