|  | 06/25/2010 |
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Japan Ferrous Scrap Price to Hit Bottom
Japanese ferrous scrap market price shows sign to hit bottom recently. Steel makers' scrap purchase price around Osaka increased for the first time in near 2 months when local integrated steel and special steel plants keep high level consumption while the price didn't increase in other areas. A yard dealer source sees the better market is partly due to lower dealers' inventory under decreasing market price and lower scrap generation after a week long holiday in early May. The price is also supported by coastal yard dealers' move to restart securing scrap.
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 | Japan Ferrous Scrap Price to Hit Bottom
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