Taiwan Tung Ho Steel pays more for Japan H2 Scrap Metal
on June 11th, 2008 at 10:59 amTung Ho Steel pays more for Japan H2 scrap
Taiwan Tung Ho Steel has purchased Japan H2 scrap priced at US$682/ton C&F for 5,000 tons for June-July shipments.
The FOB price for this order is ï¿¥67,000/ton and the shipping cost is about US$50/ton. Comparing this order price with Japan’s exporting H2 scrap price to South Korea, Tung Ho’s purchasing price has risen by about ï¿¥1,000/ton.
Under the circumstances of a weakening exchange rate between the Japanese Yen and the US dollar, Japan scrap traders have continued dealing with Taiwan mills for H2 scrap business.
Source www.yieh.com Â