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H2 scrap prices remain stable in Japanese Osaka market
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Recently, the H2 scrap transaction prices have remained flat at ￥26,500~￥27,500/ton in the Japanese Osaka market.
Even though some Japanese steel mills increased the scrap price before the holiday during July 14th through July 16th, the scrap suppliers have still seen the pessimistic outlook for the Osaka scrap market.
It’s known that Kishiwada Steel hiked the H2 scrap prices before the holiday, boosting the scrap average prices in the Japanese Osaka region to reach ￥28,000/ton
However, scrap suppliers predicted that the Osaka scrap market would remain soft after the holiday.
News Date
7/11/2012 1:21:46 PM
reported by
Nann Cheng
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