Scrap prices keep rising in Japanese domestic market
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 17 Feb 2012 14:23:29 reported by Nann Cheng