JX Nippon Mining & Metals announced on 27th to decrease official copper price for August shipments by 20,000 yen per ton to 640,000 yen. The price dropped to the lowest price for the first time in around 3 years since September 2012 due to worldwide financial crisis.
Japan Steel Scrap Composite Prices (Sangyo Press)03/27/2017
|29400YEN (-)||32300YEN (-)|
|263.82US$ (2.14)||289.84US$ (2.35)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)