In Japan's Osaka region, electric furnace manufacturers (EAF) reduced purchase prices of scrap by JPY 1,000/t ($7/t), with H2 at JPY 41,000/t ($288/t). This followed Tokyo Steel's price reductions and weaker demand for steel products. Loose supply, production cuts, and sluggish exports to Southeast Asia are pushing Japanese market prices downward with no clear bottom in sight." /> In Japan's Osaka region, electric furnace manufacturers (EAF) reduced purchase prices of scrap by JPY 1,000/t ($7/t), with H2 at JPY 41,000/t ($288/t). This followed Tokyo Steel's price reductions and weaker demand for steel products. Loose supply, production cuts, and sluggish exports to Southeast Asia are pushing Japanese market prices downward with no clear bottom in sight." /> Japan: EAF manufacturers cut scrap procurement prices by $7/t in Osaka | BigMint

Intel Details

Japan: EAF manufacturers cut scrap procurement prices by $7/t in Osaka

Melting Scrap

19 Sep 2024, 13:55 IST

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