Recent data shows that prices for Japanese and Chinese steel scrap exports are rising.

Japanese steel scrap: prices up after deals with Vietnam, Taiwan and China
Japanese export scrap prices have continued to rise following new deals to Vietnam, Taiwan and China, market participants told Fastmarkets on Wednesday, March 3.
“There are more offers now and exporters think now is the right time to make money from their scrap stocks,” a Japanese scrap yard source said.
“The exchange rate is getting better, so it is cheaper to sell scrap from the Japanese market,” said a Japanese trader.
A weaker yen makes Japanese scrap more competitive in the mostly dollar-denominated scrap export market, Fastmarkets understands.
Source: metalbulletin.com
Demand holds up, steel scrap prices to China rise
Bulk steel scrap offer prices to China have continued to move upward in recent days, supported by price increases in the local Chinese scrap market, sources told Fastmarkets on Wednesday, March 3.
Bids for Japanese heavy scrap (HS), which is the same quality as plate and structural (P&S) scrap, were heard at $510-515 per tonne cfr China on Wednesday.
A Japanese trading house reportedly sold HS material at $500-515 per tonne cfr China in recent days, but Chinese mill and trading sources did not confirm the transactions at press time.
Source: metalbulletin.com

Steelnews.biz constantly searches the Internet for important, interesting and informative news.
Are you missing an information, do you have a question or are you interested that we refer to a certain article or press release of Steelnews.biz? Then simply contact us now.
We always try to refer to the correct source of a news item.
Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.