Strong steel scrap demand in the Japanese domestic market is now raising export prices from the East Asian nation, sources told Fastmarkets on Wednesday April 14.
Japanese blast furnace (BF) steelmakers have been raising the intake of the higher-grade heavy scrap (HS) material into their converters this month, as Fastmarkets reported in March. Japanese BF mills were heard to be paying ?49,000 ($450) per tonne delivered for HS this week.Another reason for the rise in demand for HS in the local...