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Japan's Local Scrap Prices Average Y33,275 In Three Main Areas
Japan's domestic market prices of locally available ferrous scrap averaged Y33,275/ton delivered at steelworks for No2 HMS in the Kanto, Chubu, and Kansai areas in the first week April 2011, down Y334 from a week ago, according to a survey by the Japan Ferrous Raw Materials Association. As a result, the average price declined for four consecutive weeks, with a cumulative fall of Y4,512.

In the first week of April 2011, the monitor prices of No2 HMS ex steelworks were Y32,933/ton in Kanto, down Y500 from a week ago; Y32,660/ton in Chubu, no change; and Y34,233/ton in Kansai, down Y500. The monitor price indicates the average of benchmark prices.
last modified : Tue 12 Apr, 2011 [09:57]
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