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Scrap prices keep rising in Japanese domestic market
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Recently, the scrap prices have continued rising in Japanese domestic market.
It’s’ known that most Japanese steel mills have hiked the scrap prices currently, driven the prices rise of ￥500/ton made by Tokyo Steel at its two firms.
In Kanto region, the scrap base prices have soared to ￥30,000~￥30,500/ton, up by ￥500/ton.
Meanwhile, the scrap base prices in Tokyo Bay region have increased to ￥30,000/ton.
In Osaka, the scrap base prices were at ￥30,500~￥31,000/ton on February 15th. Also, Osaka Steel announced to hike scrap purchase prices by ￥1,000/ton form February 14th.
Industry insiders predicted that the scrap prices would continue to rise in Japanese domestic market in the short term.
News Date
2/17/2012 2:16:48 PM
reported by
Nann Cheng
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