JAPAN April 16 2014
TOKYO (Scrap Register): Japanese average H2 scrap price has advanced by ¥500 a ton to ¥31,500-32,000 a ton level in late last week.
Nation's H2 scrap prices advanced mainly due to the fact that Tokyo Steel raised its scrap purchasing prices at Utsunomiya region by ¥500 a ton on April 11th.
The average prices of H2 scraps are being prevailing at ¥31,000 a ton in the Tokyo Bay region. The prices of P&S scraps and Shindachi scraps averaged at ¥35,000 a ton.
Sanko Seiko Co. has also hiked its scrap buying price by ¥1,000 a ton.