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