Japan's domestic market prices of locally available ferrous scrap averaged Y24,666/ton delivered steelworks for No2 HMS in the Kanto, Chubu, and Kansai areas in the second week of July 2009, up Y578 from a week ago, according to a survey by the Japan Ferrous Raw Materials Association. As a result, the average price advanced for five consecutive weeks.
In the second week of July 2009, the monitor prices of No2 HMS ex steelworks in cash transactions were Y25,250/ton in Kanto, up Y333 from a week ago; Y23,180/ton in Chubu, up Y400; and Y25,567/ton in Kansai, up Y1,000. The monitor price indicates the average of benchmark prices. |
