Momentum has faded in the Japanese steel scrap export market following six straight weeks of increases, with buyers stepping away from closing sales, sources told Fastmarkets this week.
Japan scrap export prices fell over the last week in the markets for H2 heavy scrap and Shindachi busheling, while tags for shredded and heavy scrap or plate and structural (P&S) material remained more stable.A steelmaker in North Vietnam bought H2 scrap from Japan at $445 per tonne cfr for...