JAPAN SCRAP EXPORTS: Prices rise $9 after new deals to Southeast Asia

Export prices for bulk cargoes of Japanese scrap have increased by ?1000 ($9) per tonne over the past week after higher transactions were closed in Southeast Asian markets, trading sources told Fastmarkets.

After six straight weeks of price decreases, Japanese export scrap prices rebounded on Wednesday April 15 amid continued demand from mills in Taiwan and Vietnam, and tighter ferrous scrap supply at Japanese yards.
Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan, rose to ?20,000-20,500 ($174-179) per tonne on Wednesday, down from ?19,000-19,500 per tonne fob previously.

Offer prices for H2 rose to ?21,000 per tonne fob, from ?20,000 per tonne fob last...

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