Ordinary steel products from electric furnace, especially bar steels has been turning up from July, and tide is changing toward full-scale bounceback in this Autumn. Electric furnaces steel makers, feeling actual demand improvement, is raising the price, and they expect domestic market will touch bottom in June-July. Backwater mood is changing to strong attitude.
Japan Steel Scrap Composite Prices (Sangyo Press)05/19/2022
|60500YEN (-1200)||64800YEN (-1100)|
|467.43US$ (-5.98)||500.66US$ (-4.98)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)