Japan Ferrous Scrap Export Price Hits FAS 33,150 yen/t

At ferrous scrap export tender (June contract, shipping time limit:August 15th), Kanto Tetsugen held on 11th, average contract price of H2 increased by 1,110 yen from the previous time to FAS 33,150 yen per ton. It is the background of tight supply including decreasing shipping in yard, a decline in inventory.