7 Dealers in Nagoya Jointly Export Ferrous Scrap

7 ferrous scrap dealers around Nagoya will jointly export at 2,500 tonnes for new cutting scrap. They will ship by bulk carrier from Nagoya bay until September 15. Ferrous scrap jointly export from Nagoya area is for the first time in a ten-year. The market price is decreasing rapidly when makers decreased ferrous scrap purchase price. Some dealers need the adjustment of the supply and demand. Dealer source said they decided jointly export to adjust the supply and demand when the shipment to local electric furnace makers and the singly export can’t adjust the supply and demand. Dealer source said the firm would like to continue jointly export and to stock depending on the situation.