Japanese ferrous scrap prices fall, but market seen stabilizing

May 31, 2013 | 01:05 PM |

Tags  Japan Ferrous Raw Materials Association, Japanese scrap, scrap prices, ferrous scrap, Tokyo Steel Manufacturing

TOKYO — Japan’s domestic scrap prices drifted lower for the seventh consecutive week, but there are few incentives for prices to fall or rise sharply.

The national average price for H2 grade scrap (a mix of No. 1 and No. 2 heavy melt) stood at 30,978 yen ($306.82) per tonne this week, down just 41 yen (41 cents) from the previous week, according to the Japan Ferrous Raw Materials....

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