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08 Jan
12:02

Scrap rises strongly in Japan, Vietnam

Ferrous scrap prices remain strong in East Asia, Kallanish notes. Japanese domestic scrap prices shot up last month and the approaching Kanto Tetsugen scrap export tender is expected to generate demand for Japanese scrap in Vietnam. The Japanese domestic scrap market enjoyed large price gains in December. Leading electric arc furnace operator Tokyo Steel revised its H2 scrap purchase prices 11 times last month. The company most recently announc…
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