The Tokyo Bay FAS-based prices for H2 grade scrap have remained stable since last week at JPY 48,500/mt ($304/mt). The FOB-based export price remains at JPY 49,500/mt ($310/mt) for the grade in question.
The Tokyo Bay HS grade scrap prices have also moved sideways, at JPY 53,000/mt ($332/mt) FAS, but shindachi grade scrap quotations have increased by JPY 500/mt week on week to JPY 54,000/mt ($339/mt) FAS.
Meanwhile, Japanese HS grade scrap is offered to Vietnam at $405/mt CFR, sources report.
I graduated from the Faculty of Business Administration at Istanbul University and have been part of SteelOrbis since 2014. After six years in the Content Team, I joined the Market Intelligence department, where I now serve as Head of Ferrous Scrap Market Intelligence. In my role, I lead our global ferrous scrap market intelligence activities, overseeing price assessments, market analysis, and forecasting while working closely with industry participants across international markets. My focus is on tracking global ferrous scrap trade flows, pricing dynamics, and supply-demand fundamentals, providing data-driven insights that help market participants navigate an increasingly complex steel industry.
24 Jul | Scrap & Raw Materials
22 Jul | Scrap & Raw Materials