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Japan steel scrap market facing further declines amid material oversupply
Date: 24/06/2022

Uncompetitive prices for Japanese steel scrap have been causing exports of material to decline, which in turn has been prompting an oversupply in the country this month, sources told Fastmarkets in the week to Wednesday June 23. • High Japan scrap export prices prevent bulk deals • South Korea buys limited volume of Japan scrap • Taiwan import containerized scrap prices continue to tumble Japan Japan is Asia’s largest exporter

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