Fastmarkets’ price assessment for steel scrap H2, export, fob main port Japan
, was ¥25,000-25,500 ($237-242) per tonne on Wednesday, up by ¥500 per tonne from ¥24,500-25,000 per tonne last week.
Japan-origin H1:H2 (50:50) material was heard sold to Taiwan at $256-258 per tonne cfr earlier in the week, which one Japanese exporter said would be equivalent to around ¥25,500 per tonne fob.
Offers for H2 were heard on Wednesday at ¥25,500-26,500 per tonne fob Japan, up from ¥25,000-25,500 per tonne fob one week earlier.
Strong yen, firm demand
“The market moved up, and now the Japanese yen is very strong due to the deterioration of US-China relations, so Japanese exporters have no choice but to sell at higher prices,” one Japanese...