Japan’s Tokyo Bay scrap prices range-bound

While expectations have become more positive in Japan, Tokyo Bay FAS-based prices have remained stable this week.

Tokyo Bay FAS-based price for H2 grade scrap is currently at JPY 41,500/mt ($290/mt). The FOB-based export price is now at JPY 42,500/mt ($297/mt) for the grade in question.

The Tokyo Bay HS grade scrap price now stands at JPY 45,500/mt ($318/mt) FAS, while the shindachi scrap price is at JPY 44,500/mt ($311/mt) FAS.