On December 12, SteelOrbis reported domestic H2 scrap purchasing prices by mini-mills in Tokyo, Osaka, and Nagoya regions at JPY 34,600-35,000/mt ($304-308/mt) delivered to customer.
Sources inform SteelOrbis that H2 domestic scrap purchasing prices by mini-mills in the same regions are now at JPY 34,900-35,300/mt ($310-313/mt) on delivered basis. Over the week, prices have increased by JPY 300/mt. Due to currency strength by the yen, in dollar terms, prices have increased $6/mt from the bottom of the previous range and $5/mt from the top of the same range.
Tokyo Steel has maintained scrap buying prices higher compared to the average buying price from the Tokyo, Osaka and Nagoya regions.
$1= JPY 113.63 (Dec 12)
$1=JPY 112.63 (Dec 15)