ASIA STEEL SCRAP DIGEST: Japan, South Korea introduce further local price cuts

The domestic scrap markets in both Japan and South Korea weakened further on Friday August 27, placing further pressure on the seaborne markets, sources told Fastmarkets.

  • South Korea reduces buying interest amid weaker local market
  • Tokyo Steel drops bid prices for most scrap grades
  • Import interest limited in China despite stronger domestic sentiment.

South Korea

A...

Published

Lee Allen

Tianran Zhao

August 27, 2021

12:38 GMT

London, Shanghai