Scrap Metal Prices and Scrap Metal Auctions

Japan’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  

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