Japan's domestic market prices of locally available ferrous scrap averaged Y27,410/ton delivered steelworks for No2 HMS in the Kanto, Chubu, and Kansai areas as of September 14, up Y289 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 three weeks.
As of September 14, the monitor prices of No2 HMS ex steelworks in cash transactions were Y27,750/ton in Kanto, up Y333 from a week ago; Y26,080/ton in Chubu, up Y200; and Y28,400/ton in Kansai, up Y333. As a result, the monitor price hit bottom and rebounded in each area. The monitor price indicates the average of benchmark prices. |
