Japanese scrap price could be set for decline

Mar 25, 2013 | 10:57 AM |

Tags  Japanese scrap, Tokyo Steel, Hyundai Steel, H2 scrap, ferrous scrap, scrap exports, scrap prices

TOKYO — Japanese ferrous scrap prices have hit their highest levels in well over a year, but the increase could stall, market sources said.

The national average price of H2-grade scrap (a mix of No. 1 and No. 2 heavy melt) stood at ¥33,436 ($354) per tonne this past week, up ¥811 ($9) per tonne from the previous week and the most expensive level since October 2011.....

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