Japan's domestic market prices of locally available ferrous scrap averaged Y14,076/ton delivered steelworks for No2 HMS in the Kanto, Chubu, and Kansai areas in the fourth week of October 2008, down Y4,033 from a week ago, according to a survey by the Japan Ferrous Raw Materials Association. As a result, the average price has fallen by a cumulative Y30,811 since the beginning of October 2008.
In the fourth week of October 2008, the monitor prices of No2 HMS ex steelworks in cash transactions were Y14,000/ton in Kanto, down Y6,500 from a week ago; Y13,160/ton in Chubu, down Y1,600; and Y15,067/ton in Kansai, down Y4,000. The monitor price indicates the average of benchmark prices.
In the week under review, No2 HMS prices across the nation averaged Y16,847/ton delivered steelworks, down Y3,300 from a week ago. |
