On April 15, SteelOrbis reported domestic H2 scrap prices in Japan at mini-mills in Tokyo, Osaka, and Nagoya at JPY 32,500-32,800/mt ($290-293/mt) for H2 scrap and JPY 37,400-37,600/mt ($334-336/mt) for shindachi scrap, all prices delivered to customer.
Sources inform SteelOrbis that H2 scrap prices have ticked down and are now at JPY 31,200-31,600/mt ($279-282/mt) for H2 scrap and JPY 35,500-36,000/mt ($317-322/mt) for shindachi scrap, all prices delivered to customer. H2 scrap decreased $11/mt from both the bottom and top of the previous range while shindachi scrap decreased $17/mt from the bottom of the range and $14/mt from the top of the same range. A source noted that Tokyo Steel further decreased scrap buying prices in the past few days.
USD = JPY 112.02 (Apr 15)
USD = JPY 111.95 (Apr 22)