Export prices for bulk cargoes of Japanese steel scrap have risen for the third consecutive week amid solid buying interest, market sources told Fastmarkets on Wednesday July 29.
Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan, was ?25,000-25,500 ($237-242) per tonne on Wednesday, up by ?500 per tonne from ?24,500-25,000 per tonne last week."The market moved up, and now the Japanese yen is very strong due to the deterioration of US-China relations, so Japanese exporters have no choice but to sell at higher prices," one Japanese...