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Iron and Steel News06/08/2010

Japan Ferrous Scrap Price Drops by 1,000 yen/t
Japanese ferrous scrap price decreased by 1,000 yen per tonne late last week. The price decreased to 32,000-33,500 yen per tonne for H2 grade at local steel makers purchase price including freight, which is 2,500-3,000 yen lower than last week level and 5,000-6,000 yen lower than recent peak in mid-April. The makers reduce the purchase price gradually when the supply gets looser due to slower scrap shipping for export market.


Today's Japan Metal Bulletin E-mail
Japan Ferrous Scrap Price Drops by 1,000 yen/t
Hitachi Metals Accelerates R&D of Air Plane and Power Plant Materials
Sumitomo Metals Expects Rail Wheel Shipment Increase in 2010
Sumitomo Metals' Wakayama Works Increases High Quality Steel Tube
Itoh Iron & Steel to Post First Loss in 10 Years

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