Japanese scrap market direction unclear, supply tight

摘要

Tightening scrap supply in the Japanese market is being offset by softening iron ore prices and sentiment, industry sources told Platts Steel Business Briefing Thursday. Market leader Tokyo Steel Manufacturing began paring scrap purchase prices from August 25 as reported, cutting prices to date by Yen 1,500-2,000/ mt (19-26 dollars/mt) depending on its works.