ASIA STEEL SCRAP DIGEST: Strong sell-side sentiment forces up key markets

Rising bid prices in the key steel-scrap import markets of South Korea, Taiwan and Vietnam have coincided with another increase in Japan's domestic prices, market sources said on Tuesday October 5.

Fresh rise in Tokyo Steel buy prices gives another jolt to Japan export marketVietnam ramps up buying interestTaiwan mill buyer "shocked" by recent price increaseJapan
A further strengthening in local Japanese scrap prices has led to exporters again raising offer prices this week, sources said.
Major Japanese electric-arc furnace operator Tokyo Steel increased its domestic scrap purchase prices by another ?1,000-2,000 ($9.01-18.01) per tonne, depending on works, effective October 10. That follows a similar price increase effective from Saturday October 2.

After the price increase, the Utsunomiya steelworks of Tokyo Steel can pay...

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