A large gap between bids and offers ensured that only limited business took place in the Japan steel scrap export market over the past week, sources said on Wednesday June 2.
Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan, was ?46,000-48,000 ($420-438) per tonne on Wednesday, down from ?47,000-48,500 per tonne one week earlier."Only [South] Korea is willing to buy Japanese scrap now; other countries don't want to," a Japanese scrap trader said, adding that market participants were awaiting the results of a tender by a major South Korean...