Japanese scrap prices still following fall in export mart

Oct 14, 2013 | 10:35 AM |

Tags  Japan scrap, scrap prices, ferrous scrap, H2 scrap, heavy melt, Tokyo Steel Manufacturing, scrap buying prices, scrap export prices

TOKYO — Japan’s domestic scrap prices have followed the decline in export prices, reinforcing the feeling that recent increases have become unsustainable.

The national average price for H2-grade scrap (a mix of No. 1 and No. 2 heavy melt) last week stood at ¥32,596 ($330.50) per tonne, down ¥111 ($1.12) per tonne from the previous week, according to the Japan Ferrous Raw Materials Association.....

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