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