Japan's domestic transaction prices of locally available ferrous scrap averaged Y35,862 /ton delivered at steelworks for No. 2 HMS in the main trading areas of Kanto, Chubu and Kansai in the 5th week of January, down by Y 139 from a week ago, according to a weekly price survey by the Japan Ferrous Raw Materials Association. The decline is for the 1st time in 3 months since the 3rd week of October.|
The surveyed prices of No. 2 HMS ex steelworks in cash transactions were Y36,667/ton in Kanto, down by Y 166 from a week ago; Y34,920/ton in Chubu, unchanged ditto; and Y36,000/ton in Kansai, down by Y 250 ditto. The price increase of domestic ferrous scrap market paused nationwide.