Japanese ferrous scrap export price increased slightly. Hyundai Steel of South Korea increased the offer price to Japanese scrap at the weekly tender on Wednesday, which was the first hike in a month. The firm offered FOB 37,000 yen for H2 and 43,000 yen for new cutting grade, which was 500 yen higher than previous week. The offer represented FAS 36,000 yen per tonne for H2. The price level is meeting with FAS price from Tokyo bay at 36,000-36,500 yen.
Japan Steel Scrap Composite Prices (Sangyo Press)09/25/2018
|36000YEN (-)||41100YEN (-)|
|315.73US$ (-1.14)||360.46US$ (-1.3)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)