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Topple in Japanese scrap price by JPY 1000 a tone

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by - 6/9/2010 3531 Views

Last week there was a price drop by JPY 1,000 per ton Japanese steel scrap

Japanese ferrous scrap price decreased in last week by JPY 1,000 per ton according to JMB reports. As per report, the price decreased to JPY 32,000 to JPY 33,500 per tonne for H2 grade at local steel makers purchase price including freight, which is JPY 2,500 to JPY 3,000 yen lower than last week level and JPY 5,000 to JPY 6,000 lower than recent peak in mid April.

 There is little by little reduce in the purchase price from the makers as the supply gets looser owing to slower scrap shipping for export market.

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