Ferrous scrap price in Japan rose further. Supply and demand in each area got tight because export is getting active especially in Kanto bay are and electric furnaces steel makers used ferrous scrap a lot during Obon. Electric furnaces steel makers hiked the ferrous scrap purchasing price like Tokyo steel raised the price for the first time in 5 months from 20th available.
Japan Steel Scrap Composite Prices (Sangyo Press)03/30/2020
|19600YEN (-400)||21800YEN (-200)|
|180.35US$ (-1.55)||200.59US$ (0.5)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)