Intel Details

Japanese scrap exporters hold back offers amid volatility in freight rates

Melting Scrap
18 Mar 2021, 12:09 IST
Steel Mint Intel

Increased freight rates from Japan to Bangladesh and Vietnam have kept the majority of scrap exporters quiet. Most of the suppliers are not interested to sell big volumes or long distances due to volatility in vessel freight rates and the current logistics situation, sources have confided to SteelMint. Price indications for bulk Japanese H2 are now at $445-450/t CFR Vietnam.

18 Mar 2021, 12:09 IST
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