Ferrous scrap price reacted to increase for the first time in around a month. Tokyo Steel Utsunomiya Works raised the purchasing rice by 500 yen for the first time since May 10th, and even in other electric furnaces steel makers in the same area, 8 works increased the price by 500 yen.
Japan Steel Scrap Composite Prices (Sangyo Press)05/24/2018
|34400YEN (100)||38600YEN (100)|
|310.78US$ (4.2)||348.72US$ (4.6)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)