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)12/12/2019
|24500YEN (600)||26800YEN (500)|
|223.68US$ (5.97)||244.68US$ (5.11)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)