Reportedly, Japan's scrap export prices to Korea have continued rising recently.
Currently, the H2 scrap export quotes to Korea have surged to ￥38,000/ton, driven by the facts that Kanto Tetsugen's scrap export bid prices increased by ￥3,898/ton to ￥36,668/ton FAS on November 12nd and Tokyo Steel hiked scrap purchasing prices further by ￥500~￥1,000/ton on November 13rd.
However, it's said that the price rise seems unfavorable to the Korean buyers.