Japanese suppliers have stopped giving discounts for heavy scrap to buyers in South Korea and Taiwan over the last week, and have raised their export prices, market sources told Fastmarkets.
Demand among buyers in Vietnam remained solid while prices were also boosted by the return of Taiwanese consumers to the market for Japanese scrap following a fall in the supply of United States-origin containerized scrap.H2 scrap was offered at ?28,000-29,000 per tonne fob over the last week, while bids from South Korea and Taiwan were heard at ?27,000-28,000 per tonne fob....