Steel scrap import prices in South Korea were likely to drop again in the next few days with buyers looking to take advantage of tepid local demand in Japan and falling prices in other key Asian import markets, sources told Fastmarkets on Wednesday August 4.
South Korea likely to push Japan prices down furtherProduction curbs weigh on Chinese scrap demandOffers for bulk cargoes to Vietnam fallTaiwan buys containerized scrap for less than $440 per tonne cfr Taiwan.But a Japanese trader source did not sense much weakness in the domestic market, particularly on the higher grades, and said that the generation of Shindachi...