Japanese H2 domestic scrap ticks down

Tuesday, 14 May 2019 00:03:47 (GMT+3)   |   San Diego

On May 9, SteelOrbis reported domestic H2 scrap prices in Japan at mini-mills in Tokyo, Osaka, and Nagoya at JPY 30,300-30,600/mt ($276-279/mt) for H2 scrap and JPY 34,000-34,300/mt ($310-313/mt) for shindachi scrap, all prices delivered to customer.

Sources inform SteelOrbis that H2 scrap prices have ticked down further and are now at JPY 29,800-30,000/mt ($272-274/mt) for H2 scrap and JPY 33,500-33,800/mt ($306-308/mt) for shindachi scrap, all prices delivered to customer. Both H2 and shindachi scrap grades decreased $4/mt from the bottom of the previous respective range and $5/mt from the top of the same range. Sources inform SteelOrbis that South Korea’s Hyundai Steel has decreased its bid level for H2 scrap to JPY 30,500/mt ($278/mt) FOB Japan for the export market, down JPY 500/mt from two weeks ago.

USD = JPY 109.70 (May 9)

USD = JPY 109.62 (May 14)

Most Recent Related Articles

Import scrap prices in Taiwan pushed up by tight supply, rapid hike by Japan

Pakistan resumes bulk scrap purchases, prices rises for containerized scrap

Tokyo Steel hikes local scrap prices for first time this year

Taiwan sees higher scrap imports in January-April

Japan’s scrap exports rise in Q1, further increase likely in Q2