Ferrous scrap export price for Eastern Asia is rising. In Japan and the US, new ferrous scrap export price for Korea and Taiwan is increasing. In especially Korea, new contracts had not been signed smoothly, on the background of tightening of regulations of radioactivity check for ferrous scrap from Japan, and decided the contract for a cargo-carrying vessel from the US. These factors raised the export price.
Japan Steel Scrap Composite Prices (Sangyo Press)05/19/2022
|60500YEN (-1200)||64800YEN (-1100)|
|467.43US$ (-5.98)||500.66US$ (-4.98)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)