On July 2, SteelOrbis reported domestic H2 scrap prices in Japan at mini-mills in Tokyo, Osaka, and Nagoya at JPY 26,300-26,900/mt ($244-249/mt) for H2 scrap and JPY 29,300-29,900/mt ($272-277/mt) for shindachi scrap, all prices delivered to customer.
Sources inform SteelOrbis that H2 scrap prices have softened further and are now at JPY 26,200-26,600/mt ($241-245/mt) for H2 scrap and JPY 29,200-29,600/mt ($269-273/mt) for shindachi scrap, all prices delivered to customer. H2 scrap decreased $3/mt from the bottom of the previous range and $4/mt from the top of the same range while shindachi scrap also decreased $3/mt the bottom of the previous range and $4/mt from the top of the respective range.
USD = JPY 107.84 (Jul 2)
USD = JPY 108.56 (Jul 5)