Japan's domestic market prices of locally available ferrous scrap averaged Y10,760/ton delivered steelworks for No2 HMS in the Kanto, Chubu, and Kansai areas in the third week of November 2008, up Y1,222 from a week ago, according to a survey by the Japan Ferrous Raw Materials Association. As a result, the average price advanced for the first time in seven weeks since the fifth week of September 2008.
In the third week of November 2008, the monitor prices of No2 HMS ex steelworks in cash transactions were Y11,333/ton in Kanto, up Y2,166 from a week ago; a flat Y9,380/ton in Chubu; and Y11,567/ton in Kansai, up Y1,500. The monitor price indicates the average of benchmark prices. |
