BIR sees Japan's Scrap prices to recover after February-Shanghai Metals Market

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BIR sees Japan's Scrap prices to recover after February

Industry News 01:30:06PM Feb 07, 2014 Source:SMM

JAPAN February 06 2014 1:21 PM

TOKYO (Scrap Register): Japanese ferrous scrap demand is holding steady as its economy recovers, with market prices seen resuming an upward trend after February, according to a quarterly report released by Bureau of International Recycling (BIR).

Japan’s current export price for H2 grade scrap (a mix of No. 1 and No. 2 heavy melt) is about 35,300 yen ($348) per tonne f.o.b., equivalent to about $380 per tonne c.f.r. South Korea for No. 1 HMS.

This means that scrap prices in Japan are still cheaper than those for European and U.S. scrap, Hisatoshi Kojo, executive director of Tokyo-based scrap trading company Metz Corp. and a board member of the BIR’s Ferrous Division. 

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#1 Tin Ingot
Jun.18
143750.0
-500.0
(-0.35%)
Solder Bar(63A)
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103500.0
0.0
(0.00%)
Solder Bar(60A)
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99500.0
0.0
(0.00%)
LF Solder
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150500.0
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(-0.33%)
Tin Powder
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142.5
0.0
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BIR sees Japan's Scrap prices to recover after February

Industry News 01:30:06PM Feb 07, 2014 Source:SMM

JAPAN February 06 2014 1:21 PM

TOKYO (Scrap Register): Japanese ferrous scrap demand is holding steady as its economy recovers, with market prices seen resuming an upward trend after February, according to a quarterly report released by Bureau of International Recycling (BIR).

Japan’s current export price for H2 grade scrap (a mix of No. 1 and No. 2 heavy melt) is about 35,300 yen ($348) per tonne f.o.b., equivalent to about $380 per tonne c.f.r. South Korea for No. 1 HMS.

This means that scrap prices in Japan are still cheaper than those for European and U.S. scrap, Hisatoshi Kojo, executive director of Tokyo-based scrap trading company Metz Corp. and a board member of the BIR’s Ferrous Division.