Japan Scrap Metal Production and Prices Decline
on July 16th, 2008 at 7:03 amJapan’s scrap increasing rate to slow down
The pace of new production scrap price rises in Japan seems to slow down.
Hyundai Steel has decreased its purchasing prices by ￥500-1,000/ton for Japanese scrap, at FOB ￥78,000-78,500/ton. The price was as high of ￥78,500-79,000/ton before.
Hyundai Steel has bought some 400,000 tons of scrap from America and Russia; therefore, the company is not in a hurry t to import scrap from Japan.
Source www.yieh.com