Japan's domestic market prices of locally available ferrous scrap averaged Y33,731/ton delivered at steelworks for No2 HMS in the Kanto, Chubu, and Kansai areas in the third week of May 2011, down Y1,222 from the first two weeks of May 2011, according to a survey by the Japan Ferrous Raw Materials Association. As a result, the average price declined for two consecutive weeks. |
In the third week of May 2011, the monitor prices of No2 HMS ex steelworks in cash transactions were Y34,000/ton in Kanto, down Y1,167 from a week ago; Y33,960/ton in Chubu, down Y1,000; and Y33,233/ton in Kansai, down Y1,500. The monitor price indicates the average of benchmark prices.