Average contract price for H2 at export auction of ferrous scrap Kanto Tetsugen held on 16th increased by 5,858 yen from the previous time to FAS 32,513 yen per ton. 30,000 yen level is the first time since May 2012 due to improvement of high yen and active order from abroad makers. The result is in or over expectation. Not only did it get back to right international price but also actual demand increased abroad.
Japan Steel Scrap Composite Prices (Sangyo Press)10/23/2018
|36200YEN (-)||41300YEN (-)|
|318.19US$ (-0.78)||363.01US$ (-0.9)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)