Japanese scrap prices recover as buyers return

Nov 30, 2011 | 08:57 PM |

Japanese scrap prices extended a recovery from multi-month lows after mills decided that the price collapse over the past two months has been overdone. The national average price for H2 grade scrap stood at ¥24,262 ($312) per tonne at the end of last week, marking the second straight week of gains,....





Latest Pricing Trends

Poll

Do you think steel mills will succeed in their efforts to stop selling at a discount to the CRU index?

Yes
No
It’s too early to tell


View previous results

AMM Events


Quote

This whole thing is becoming a game of smoke.

Midwest service center