Japan's domestic market prices of locally available ferrous scrap averaged Y30,423/ton delivered at steelworks for No2 HMS in the Kanto, Chubu, and Kansai areas in the fourth week of March 2012, up Y339 from a week ago, according to a monitor survey by the Japan Ferrous Raw Materials Association. As a result, the average price advanced for the first time in three weeks since the first week of March 2012. |
In the fourth week of March 2012, the monitor prices of No2 HMS ex steelworks in cash transactions were Y32,750/ton in Kanto, up Y417 from a week ago; Y29,620/ton in Chubu, up Y100; and Y28,900/ton in Kansai, up Y500. The monitor price indicates the average of benchmark prices.