Ex-Japan Kanto scrap tender closed at much higher price, boosting outlook
Prices for Japanese scrap in the latest Kanto export tender have increased significantly.
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Billet offers in Asia remain high, but Chinese futures decline dampens market mood
Most large billet exporters have been holding offers at around $700/mt CFR from early this week, waiting for a demand acceleration.
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Scrap prices in China indicate some rises, imports still slow amid huge offer-bid gap
Scrap prices in the Chinese domestic market have indicated rises in some regions after the long holiday, though remaining stable in other regions.
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