Japanese H2 scrap prices trend stable

Friday, 01 February 2019 23:40:14 (GMT+3)   |   San Diego

On January 29, SteelOrbis reported domestic H2 scrap prices in Japan at mini-mills in Tokyo, Osaka, and Nagoya at JPY 29,900-30,100/mt ($274-275/mt) and shindachi scrap at JPY 34,800-35,200/mt ($318-322/mt), all prices delivered to customer.

Sources inform SteelOrbis that H2 scrap prices continue stable at JPY 29,900-30,100/mt ($273-275/mt) while shindachi scrap ticked up to JPY 34,900-35,300/mt ($319-322/mt), all prices delivered to customer.

Due to currency fluctuations, H2 decreased $1/mt from the bottom of the previous range while shindachi scrap increased $1/mt from the bottom of the previous range. Both grades maintained the stability on the top of the previous range. A source noted that Japanese scrap may begin to increase on global factors and local demand.

USD = JPY 109.29 (Jan 29)

USD = JPY 109.55 (Feb 1)


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