Japanese H2 scrap base prices drop in Tokyo Bay region

TOKYO (Scrap Monster): The base price of Japanese H2 scrap has declined in the Japanese Tokyo Bay region. According to sources, the Japanese H2 scrap base price in the region fell by ï¿¥500/ton to average at ¥ 25,500/ton to ¥ 26,000/ton FAS as of Friday, 23^rd January, 2014.

The base prices of P&S scraps averaged at ¥ 28,500/ton to ¥ 29,000/ton in the region. Meantime, Shindachi scrap average base prices were in the range ¥27,500~28,000/ton in Tokyo Bay region.

Meantime, Tokyo Steel announced a cut of ï¿¥500/ton in scrap purchasing prices at Tahara works. The new prices are with effect from Jan 24^th, 2015. This is the fourth consecutive reduction in scrap purchasing prices in the past fe weeks.

The average scrap purchasing prices dropped to ¥ 23,500/ton to ¥ 26,500/ton.

Post cut, the scrap purchasing prices at Utsunomiya works in northern Kanto have now averaged to ¥ 26,500/ton. The purchasing price of H2 scrap in Okayama works in Western Japan now stands at ¥ 24,000/ton and those in Kyushu at ¥ 24,000/ton.

Also, Tokyo Steel’s scrap purchasing prices in Tahara works in Central Japan are at ¥ 25,500/ton, while those in Takamatsu steel center on Shikoku Island are at ¥ 23,500/ton.