Japanese ferrous scrap export price would be FOB 26,000 yen per tonne level for South Korean buyers. Worldwide market price decreased but Japanese export price is lower than US scrap and South Korean scrap. A dealer source said Japanese exporters and South Korean buyers would find bottom price.
Hyundai Steel ordered Japanese scrap at FOB 26,000 yen per tonne for H2 grade last week. South Korean buyers try to secure Japanese scrap when domestic scrap cost is more than 30,000 yen. Chinese and Taiwanese buyers increase interest in Japanese scrap. US scrap exporters are expected to decrease the offer for East Asia when their export is slow for Turkey. The lower offer could impact on Japanese export price.Related Posts
- Peaking Japan Ferrous Scrap Export Price (Apr.09,2012)
- Higher Japan Ferrous Scrap Export Price (Mar.29,2012)
- Japan Ferrous Scrap Export Price May Increase for South Korea (Mar.26,2012)
- Japan Ferrous Scrap Export Price to Korea Reaches 32,500 Yen/t (Feb.22,2012)
- Japan Ferrous Scrap Export Price to Korea Continues to Decrease (Oct.25,2011)
- Japan Ferrous Scrap Export is Low to South Korea (Aug.25,2011)
- Japan Ferrous Scrap Export Slows for South Korea (Jun.27,2011)
- Japan Ferrous Scrap Export Price Increases by 1,000 yen/t (Jun.17,2011)
- Japan Ferrous Scrap Export Price Increases by 1,000 yen/t (Jun.16,2011)
