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)01/27/2021
|38400YEN (-1000)||40200YEN (-1000)|
|366.83US$ (-9.23)||384.03US$ (-9.21)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)