Japanese H2 scrap continues to lead price falls amid weak sentiment

摘要

Japanese H2 scrap continued to lead price falls in the Asia markets amid weak demand from end-users and bearish sentiment among traders.Key buyers are looking out for Japanese H2 scrap as the most competitive raw material for their furnaces this week after fob Tokyo Bay prices dipped further. This was after the Kanto Tetsugen tender results were announced today.Containerized scrap prices in Taiwan were also hit amid weak demand from end-users, who are holding out for even lower prices in the near term.