Japanese ferrous scrap export transaction prices were unchanged over the week to February 26 despite a rise in offer prices from most sellers, market sources told Fastmarkets.
A rise in container freights - amid a shortage of containers - increased demand for unusual bulk scrap bookings over the week in Asian countries including India and Pakistan, while a similar pattern emerged in Taiwan, with greater interest in Japanese bulk cargoes compared with United States' container shipments at the beginning of the week.As a result of a lack of concluded business and lower interest, Fastmarkets' price assessment for steel scrap H2 export, fob main port Japan settled at ?24,000-24,500 ($217-222) per tonne fob on...