25
Nov
12:04
Overseas demand softens for Japanese scrap
Buyers in Vietnam and South Korea are lukewarm towards Japanese scrap, Kallanish notes. They are unwilling to pay up for material amid a steel market slowdown.
The Vietnamese scrap import market is quiet after regional prices for billet and long products slipped last month. Offer prices for Japanese H2 scrap are currently prevailing at $510/tonne cfr Vietnam and for Hong Kong HMS 1&2 50:50 scrap at $500/t cfr. Market participants say domestic sc…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous