Japanese ferrous scrap market price continues to down. Tokyo Steel Manufacturing, Japanese largest electric furnace steel maker, lowered its scrap purchasing price on October 8. Tokyo Steel Manufacturing implemented price cut for 3 days in a row. Other electric furnaces around Tokyo and Osaka followed the company’s price cut. Domestic scrap market price has declined this month since export market price maintains weak.
Around Tokyo, regional electric furnace steel makers purchase H2 at around 31,500-32,500 yen per tonne and some pay as high as 33,500 yen. Utsunomiya works of Tokyo Steel Manufacturing decreased the purchase price by 1,000 yen on Saturday. Other steel makers also implemented price cut by 500-1,000 yen until Monday. Local market price became 3,500-4,000 yen lower than the recent peak in September. Local supply and demand balance is currently easy when ferrous scrap shipment is inactive for export, mainly to South Korean steel makers, and for West Japan. Scrap purchasing price by exporters around Tokyo Bay is presently FAS 30,500 yen per tonne, lower than the purchasing price of local steel makers. Thus the market price is weak. Around Osaka, electric furnaces purchase H2 at 32,500-33,000 yen and some pay as high as 33,500 yen. Electric furnaces in Osaka and Himeji area have lowered their purchasing prices by 500 yen after Tokyo Steel Manuafacturing. The purchase price is lower by 2,500-3,000 yen than the recent peak level in September.Japan Steel Scrap Composite Prices (Sangyo Press)
- Agenda for Change Agreement
- Retention Bonus Agreement Pdf
- Car Rental Agreement Sample Free Uk
- Company Sale and Purchase Agreement Template
- Party Wall Agreement Cost London
- Wto Sps Agreement Ppt
- Athlete Representation Agreement
- Property Management Agreement Example
- China-Europe Comprehensive Investment Agreement
- Agreement on Subsidies and Countervailing Measures
- Agreement for the Provision of Marketing Services
- Prenuptial Agreement Form Nys
- Home for Sale by Owner Contract Form
- Business Combination Agreement Lilium
- Uk Dutch Double Taxation Agreement
- Quickbooks Online Service Agreement
- Simple Loan Agreement with Balloon Payment
- Agreements Form
- Liquidated Damages for Breach of Confidentiality Agreement
- An Agreement Synonyms