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)10/22/2020
|26800YEN (-)||28800YEN (-)|
|253.69US$ (1.83)||272.62US$ (1.97)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)