Chinese iron and steel makers might increase the use of ferrous scrap. Production by electric furnace will rise, and ferrous scrap will be needed more, because makers must reduce carbon-dioxide emission in preparation for new Environmental Protection in 2015. Using ratio of ferrous scrap is expected to increase by 2016.
Japan Steel Scrap Composite Prices (Sangyo Press)08/16/2018
|34800YEN (-)||39700YEN (-)|
|311.8US$ (2.19)||355.7US$ (2.5)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)