On June 29, SteelOrbis reported domestic scrap prices stable but down slightly in dollar terms due to currency fluctuations.
SteelOrbis reported buying prices for mini-mills in Tokyo, Osaka, and Nagoya H2 scrap at JPY 34,200-34,400/mt ($309-311/mt) and shindachi scrap at JPY 38,600-38,900/mt ($348-351/mt), all prices delivered.
Sources inform SteelOrbis that scrap buying prices in the same regions mentioned above continue stable at JPY 34,200-34,400/mt ($309-311/mt) for H2 scrap and at JPY 38,600-38,900/mt ($349-352/mt) for shindachi scrap, all prices delivered. Due to currency fluctuations, shindachi scrap increased $1/mt.
USD = JPY 110.78 (Jun 29)
USD = JPY 110.58 (Jul 3)