Fastmarkets’ daily price assessment for steel scrap, heavy recycled steel materials, cfr China
, which takes into account prices at ports in eastern China, was $530-540 per tonne on Thursday, unchanged day on day.
Offers from Japan were heard at $570-580 per tonne cfr China on June 17, up from $560-565 per tonne cfr one week ago. Japanese scrap prices are on the rise amid strong domestic prices and increasingly high sales prices to South Korea
But the higher offer prices have done little to encourage a rise in bids from...