It is reported that the CNF price of scrap exported from US to China was USD 255 to USD 260 per tonne. Meanwhile, the C&F price of H1 scrap exported to East Asia increased by 20% to USD 270 to USD 280 per tonne.

Market analysts said that Japan will export scrap to East Asia at a lower price than American price. The C&F price of scrap exported from Japan to China rebound to USD 220 per tonne this week from USD 210 per tonne previously.