Though ferrous scrap market had been keeping tight in East Asia, now supply and demand is getting lose. Export thrust of cheap steel products and billet caused by excess production in China, have a major effect on ferrous scrap market. On the background of it, major ferrous scrap market in East Asia including Korea, Taiwan, is cooled rapidly.
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)