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Japanese scrap prices up again

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South Korea Hyundai Steel reportedly purchased Japanese’s H2 scrap at ¥37,500/ton, increasing by ¥500/ton. The price is about US$348 to 350/ton C&F Taiwan.

Tokyo Steel said it will increase scrap purchasing prices by ¥500 to 1,000/ton, consequently the new price of H2 scrap is at ¥37,500 to 40,000/ton.

Chinese and South Korean mills have purchased a lot of scrap from Japan, therefore, Japanese suppliers are no in a hurry for quoting.
News Date 03 Aug 2007 14:24:06 reported by Rita Chang

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