Japanese scrap tags retreat again after recent increases

Oct 07, 2013 | 09:47 AM |

Tags  Japanese scrap, scrap prices, ferrous scrap, H2 scrap, heavy melt

TOKYO — Japanese scrap prices have fallen again as the market struggles to cope with recent increases.

The national average price being paid for H2-grade scrap (a mix of No. 1 and No. 2 heavy melt) over the past week was ¥32,707 ($338) per tonne, according to the Japan Ferrous Raw Materials Association. That’s down ¥244 ($2.52) per tonne from the previous....

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