Japan Electric Furnaces Reduce Ferrous Scrap Buy Price in November

Electric furnace steel makers’ ferrous scrap purchase price decreased by 1,798 yen to averaged 35,330 yen per tonne for H2 grade around Tokyo, Osaka and Nagoya in November from October, according to Japan Ferrous Raw Materials Association. The nationwide price decreased by 2,274 yen to averaged 36,152 yen per tonne for H2 grade. The price decreased by 2,867 yen to averaged 35,350 yen per tonne for H2 around Tokyo in November from October. The price decreased by 1,735 yen to 34,065 yen around Nagoya and by 792 yen to 36,575 yen around Osaka.