Japanese scrapyards are eyeing higher import prices for heavy scrap (HS) in China before offering material again amid rebounds in Chinese domestic billet prices before offering cargoes again, industry sources told Fastmarkets on Tuesday March 23.
Fastmarkets' price assessment for steel scrap, heavy recycled steel materials, cfr China was $460-470 per tonne on Tuesday, widening downward by $10 per tonne from a day earlier."This made suppliers hesitate when offering cargoes because they may be able to get higher prices soon," a trader in east...