Lower Japan Steel Scrap Composite Price

Japan Steel Scrap Composite Prices decreased by 1,500 yen to 21,800 yen per tonne for H2 grade and to 25,100 yen for new cutting press grade last week from previous week. The averaged purchase price by the dealers in Tokyo, Osaka and Nagoya decreased for 2 weeks in a row.

The dealers’ purchase price decreased by 1,000 yen to 22,500 yen per tonne for H2 grade around Tokyo. Local electric furnace steel makers pay 31,000-32,000 yen for H2 grade. The dealers reduce the purchase price gradually to follow the makers’ purchase price move.

The dealers’ purchase price decreased by 1,500 yen to 20,300 yen per tonne for H2 grade around Nagoya while Local steel makers pay around 32,000 yen for H2 grade. The purchase price around Osaka is around 22,000 yen by the dealers and 31,500-33,000 yen by the makers.