On October 23, SteelOrbis reported that domestic scrap prices in Japan continued trending stable since early in the month at mini-mills in Tokyo, Osaka, and Nagoya. H2 domestic scrap prices were reported at JPY 36,100-36,400/mt ($322-324/mt) and shindachi scrap at JPY 41,200-41,500/mt ($367-370/mt), all prices delivered to customer.
Sources inform SteelOrbis that prices have continued to trend stable domestically for the week ended October 26 and are reportedly at JPY 36,100-36,400/mt ($323-326/mt) and shindachi scrap at JPY 41,200-41,500/mt ($368-371/mt), all prices delivered to customer. Due to currency fluctuations, H2 scrap increased $1-2/mt while shindachi scrap increased $1/mt.
USD = JPY 112.19 (Oct 23)
USD = JPY 111.82 (Oct 26)