Sendai works of JFE Bars & Shapes restarted ferrous scrap acceptance on September 7. The works had stopped scrap acceptance since the works was downed by the Great East Japan Earthquake. The works is gradually increasing the purchase volume of ferrous scrap along with operation rate.The works restarted operation of the special steel bar plant on July 14, the wire rod plant on July 31, the steel making plant on August 16 and the billet plant on August 20. Meanwhile, the works had limited ferrous scrap procurement to spot base. In October, the works plans to increase the monthly output to 80,000 tonnes, as high as pre-disaster level. Then the works recommenced material acceptance.
LME Settlement prices05/22/2013
Japan Steel Scrap Composite Prices (Sangyo Press)05/10/2013
|22100YEN (-200)||25300YEN (-200)|
|US$216.75 (-1.96)||US$248.14 (-1.96)|
* Average of Tokyo, Osaka and Nagoya prices
* What is Japan Steel Scrap Composite Prices