Japan Steel Scrap Composite Price Decreases for 2 Straight Weeks

Japan Steel Scrap Composite Prices, which are averaged ferrous scrap market price in Tokyo, Nagoya and Osaka, decreased by 1,800 yen to 24,800 yen per tonne for H2 grade and to 28,000 yen for new cutting press at the dealers’ purchase price last week. The price decreased for 2 months in a row

The dealers’ ferrous scrap purchase price decreased by 2,500 yen to around 27,000 yen per tonne for H2 grade around Tokyo last week. Local electric furnace steel makers’ purchase price decreased by 2,500 yen to 32,500-33,500 yen. The dealers’ purchase price decreased by 1,000 yen to 23,300 yen for H2 grade around Nagoya.

The dealers’ ferrous scrap purchase price decreased to around 24,000 yen per tonne for H2 grade around Osaka last week.

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