Japanese H2 scrap trends stable

Wednesday, 16 January 2019 02:25:26 (GMT+3)   |   San Diego
       

On January 14, SteelOrbis reported domestic H2 scrap prices in Japan at mini-mills in Tokyo, Osaka, and Nagoya at JPY 29,900-30,100/mt ($276-278/mt) delivered to customer. Shindachi scrap was reported at JPY 35,000-35,300/mt ($323-326/mt) delivered to customer.

After the most recent mid-week survey of scrap buyers and sellers, SteelOrbis has been informed that domestic H2 scrap prices in Japan at mini-mills in the regions mentioned above continue stable at JPY 29,900-30,100/mt ($275-277/mt) delivered to customer. Shindachi scrap was reported at JPY 35,000-35,300/mt ($322-325/mt) delivered to customer. Both grades decreased $1/mt on currency fluctuations. A source shared that given the various positive signs in the market over the week, domestic H2 prices in Japan may begin to firm up.

USD = JPY 108.20 (Jan 14)

USD = JPY 108.74 (Jan 16)


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