Robust domestic prices in the Japanese steel scrap market were keeping prices for material from the East Asian country strong despite tepid demand from major importers, sources told Fastmarkets on Tuesday August 17.
Japanese local scrap prices remain firmBuying interest for imported HS limited in ChinaTaiwan scrap import prices inch higher amid strong offers."Japanese rebar is still sustainable at $800 per tonne, so there is no need to reduce scrap prices," a Singaporean trader said, adding that current scrap prices meant that mills in Japan were getting...