Japan's domestic market prices of locally available ferrous scrap averaged Y31,320/ton delivered steelworks for No2 HMS in the Kanto, Chubu, and Kansai areas in the second week of March 2010, up Y655 from a week ago, according to a survey by the Japan Ferrous Raw Materials Association. As a result, the average price advanced for nine consecutive weeks.
In the second week of March 2010, the monitor prices of No2 HMS ex steelworks in cash transactions were Y32,667/ton in Kanto, up Y500 from a week ago; Y29,560/ton in Chubu, up Y800; and Y31,733/ton in Kansai, up Y666. The monitor price indicates the average of benchmark prices. |
