Japan's domestic market prices of locally available ferrous scrap averaged Y21,771/ton delivered steelworks for No2 HMS in the Kanto, Chubu, and Kansai areas in the fourth week of October 2009, down Y45 from a week ago, according to a survey by the Japan Ferrous Raw Materials Association. As a result, the average price declined for five consecutive weeks.
In the fourth week of October 2009, the monitor prices of No2 HMS ex steelworks in cash transactions were Y22,667/ton in Kanto, up Y167 from a week ago; Y20,080/ton in Chubu, down Y300; and a flat Y22,567/ton in Kansai. The monitor price indicates the average of benchmark prices. |
