Scrap Metal Prices and Scrap Metal Auctions

Japanese H2 scrap prices continue to drop
During the first week of August, Japanese H2 scrap average price was ￥67,852/ton in the Kanto region, middle part, and Kansai region, decreased by ￥2,989/ton than last week.
Among them, H2 scrap price was ￥63,083/ton in the Kanto region, down by ￥4,334/ton than last week; H2 scrap price was […]

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Japanese scrap average price drops slightly
During the fourth week of July, Japanese H2 scrap average price was ￥ 66997/ton in the Kanto region, middle part and Kansai region, dropping by ￥855/ton compared to that of last week.
At the fourth week of July,H2 scrap price was￥67417/ton in the Kanto region, dropping by￥1166/ton from last week; […]

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Japanese H2 scrap average prices drop
During the third week of July, Japanese H2 scrap average price reached a record high of ￥67,852/ton in the Kanto region, middle part, and Kansai region, decreased by ￥261/ton than last week.
Among them, H2 scrap price was ￥68,583/ton in the Kanto region, down by ￥750/ton than last week; H2 scrap […]

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Japanese H2 scrap average prices reach record high
During the second week of July, Japanese H2 scrap average price reached a record high of ￥68,113/ton in the Kanto region, middle part, and Kansai region, increased by ￥888/ton than last week.
Among them,H2 scrap price was ￥69,333/ton in the Kanto region, up by ￥166/ton than last week; H2 […]

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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, […]

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Japan’s scrap prices rise
Japanese scrap prices have soared.
Current base price of H2 scrap in Kanto region is prevailing between ￥68,500~￥69,000/ton, and that in Osaka is around ￥70,500~￥71,000/ton.
Tokyo Steel has raised its scrap purchases prices by ￥1,000/ton on July 2, as it reached ￥71,500/ton at Utsunomiya plant.
News Date 7/8/2008 8:58:30 AM reported by Eric Huang […]

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Tokyo Steel increases scrap buying prices
Japanese Tokyo Steel has increased its domestic scrap buying price by ￥1,000/ton, effective from July 2.
After the adjustment, H2 scrap price was increased to ￥68,000~71,500/ton.
Tokyo Steel’s H2 scrap purchase price at its Okayama plant will be at ￥70,000/ton, and ￥69,000/ton at its Kyushu plant.
Source: www.yieh.com  

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Japan’s domestic scrap prices to soar while export market falls
Japan’s domestic prices of scrap continue to raise while scrap export market slows down.
The oversea buyers, such as Taiwan, hesitate to buy scrap from Japan. However, South Korea became the main buyer of Japanese scrap.
Tokyo Steel Mfg Co. has increased its scrap purchase price towards […]

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Current price of H2 scrap in the Kanto region has reached ￥64,000~￥64,500/ton on strong demand.
Some main steelmakers have increased the scrap purchasing price on May 29, as Kimitsu mill of Nippon steel has raised H1 scrap buying price by ￥1,000/ton to ￥69,000/ton.
A traders is confident that the market will remain buoyant as supplies tighten.
Source www.yieh.com

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Triggered by the slow demand and downstream mills asking for price cuts, Taiwan’s two main stainless steelmakers, Yieh United Steel Co. (Yusco) and Tang Eng Iron Works, have announced that they will adjust the domestic and export prices of 300 series stainless for June.
Besides, both companies will remain the 430 stainless steel domestic and export […]

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Japan’s stainless scrap purchasing price has been reduced by ￥30,000/ton in May.
Prices of stainless steel scrap are now around ￥25,500~26,000/ton. The main reason is that nickel price on the LME was falling since last week.
The International Nickel Study Group forecasts a nickel surplus of 70,000 tons this year. Besides, major stainless steel mills will […]

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During the second week of May, Japanese H2 scrap average price was ￥59,680/ton in the Kanto region, Kansai region and middle part, increased by ￥144/ton than last week.
Japan’s H2 scrap price was ￥61,500/ton in the Kanto region, up by ￥330/ton than last week; H2 scrap price was ￥58,740/ton in middle part, an increase of ￥100/ton; […]

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