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16 Feb
08:19

Japanese domestic scrap prices rise, export activity slow

Japanese domestic scrap prices have risen, Kallanish notes. However, export trading activity has been muted because of the Lunar New Year holiday. In the Japanese domestic market, Tokyo Steel hiked its purchase price by JPY 6,000/tonne ($57/t) to JPY 35,000/t ($332/t) for H2 scrap trucked to its Utsunomiya steelworks effective 13 February. The leading Japanese EAF operator had previously maintained its purchase prices at JPY 29,000/t …
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