Lower demand for Japanese H2 and H1:H2 heavy scrap from key foreign markets led to slightly lower prices for these grades in the past week, while prices for high-grade material have remained firm.
"I don't think overseas customers can follow last week's Japan scrap prices now - most Taiwanese buyers skipped purchasing Japanese scrap since there were more cargoes available from the United States," a Japanese scrapyard source said.Japanese H1:H2 (50:50) was...