Scrap export price for Korea increased slightly in new negotiations. Behind the price rise is the fact that export offer price from United states to East Asia keeps more 400 dollers per tonne for CFR, it is still overvalued compared with one from Japan.
Japan Steel Scrap Composite Prices (Sangyo Press)12/10/2018
|30300YEN (-)||35400YEN (-)|
|0.63US$ (-)||0.74US$ (-)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)