According to “non-ferrous metal supply and demand dynamic statistical research” of August Ministry of Economy, Trade and Industry announced, consumption of copper alloy scrap for refining increased by 43% from the previous year to 33662 tons, it is an increase compared with the previous year in the 7 straight months. Last year, there were less consumption than usual, because Onahama smelting and Refining did not work at full swing due to affect by the Great East Japan Earthquake.This term, refining makers raise use of secondary material, like Sumitomo Metal Mining plans to produce record volume of electric copper, and demand of scrap for refining is increasing.
Japan Steel Scrap Composite Prices (Sangyo Press)07/08/2020
|22100YEN (-200)||24200YEN (-100)|
|203.33US$ (-2.58)||222.65US$ (-1.73)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)