Falling steel scrap offers from Japan fail to entice Chinese buyers to market

Buying interest for imported steel scrap into China has remained low despite lower-cost material from Japan emerging in the market, sources told Fastmarkets on Tuesday November 9.

Demand from China for imported scrap mutedOffers from Japan decrease amid weaker market sentiment in AsiaTaiwanese buyers continue to bid lower for containerized scrapChina
The spot market for steel scrap imported into China was quiet on Tuesday November 9 despite some suppliers in Japan offering the material at lower prices, sources said.
Offers from Japan for heavy scrap (HS) were heard at $560 per tonne cfr China.

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