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Japan's Local Scrap Prices Average Y34,065 In Three Main Areas
= Average Price Rebounds For First Time In Five Weeks =
Japan's domestic market prices of locally available ferrous scrap averaged Y34,065/ton delivered at steelworks for No2 HMS in the Kanto, Chubu, and Kansai areas in the second week of April 2011, up Y790 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 five weeks since the first week of March 2011.

The average price underwent an accelerated fall after the great East Japan earthquake. Until the first week of April 2011, the average price slipped for four consecutive weeks, with a cumulative decline of Y4,512.

In the second week of April 2011, the monitor prices of No2 HMS ex steelworks in cash transactions were Y34,567/ton in Kanto, up Y1,634 from a week ago; Y33,060/ton in Chubu, up Y400; and Y34,567/ton in Kansai, up Y334. The monitor price indicates the average of benchmark prices.
last modified : Tue 19 Apr, 2011 [12:27]
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