Japan Scrap Metal Production and Prices Decline

Posted on July 16th, 2008 by admin

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  


Filed under: scrap metal prices, Japan Scrap Metal Prices, metal market prices, scrap metal news

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