Ferrous scrap price in Japan keeps underlying upward trend. Electric furnaces steel makers that stocks are decreasing, raise the purchasing price and try to advance arrival of goods. Tokyo steel hiked the purchasing price by 1000 yen in all mills, and other makers hiked the price in the same way. On the other hand, remaining export contracts are implemented smoothly and tight supply is noted. On the background of them, the market price might increase more.
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)