Japanese ferrous scrap consumption increased by 7.5% to 3.778 million tonnes at converter, electric furnace and castings makers in March from February, which increased for 2 months in a row, according to Japan Ferrous Raw Materials Association.
The consumption increased by 7.9% to 1.182 million tonnes for the converter in March from February. The consumption increased by 6.6% to 2.021 million tonnes for electric furnace and by 8.0% to 472,000 tonnes for casting industry. Ferrous scrap supply increased by 19.5% to 4.045 million tonnes in March from February. The supply increased by 12.6% to 1.243 million tonnes from steel makers and by 22.8% to 2.802 million tonnes from the market.Japan Steel Scrap Composite Prices (Sangyo Press)
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