Active purchasing by Korean mini-mills has caused Japanese scrap exports to firm, and traders are nursing stocks in anticipation of further increases, sources told Platts Steel Business Briefing Friday. The latest export contracts for Japanese H2 were "partially" settled late this week with mini-mill Daehan Steel paying Yen 27,000/mt ($329/mt) FOB, a rise of around Yen 1,000/mt from the previous week, a Tokyo-based scrap trader said.
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