On December 29, SteelOrbis reported Japanese domestic H2 scrap purchasing prices by mini-mills in Tokyo, Osaka, and Nagoya regions at JPY 35,100-35,500/mt ($312-315/mt) delivered to customer.
According to sources, the scrap purchasing prices in the regions mentioned above have increased to JPY 35,300-35,800/mt ($318-323/mt) delivered to customer. Firms like Tokyo Steel are reportedly paying more at some locations.
USD = JPY 112.63 (Dec 29)
USD = JPY 110.82 (Jan 17)