H2 scrap base prices dropped in the Japanese Tokyo Bay region

TOKYO (Scrap Monster) : The base price of Japanese H2 scrap has declined further in the Tokyo Bay region. The base price of P&S scraps and Shindachi scrap also has dropped.

According to data, the Japanese H2 scrap base price in the Tokyo Bay region fell further by ¥ 500/ton to average at ¥ 28,000 to ¥ 28,500/ton FAS as of Thursday, 11^th December, 2014.

Also, the base price of P&S scraps in the region averaged at ¥ 30,000/ton to ¥ 30,500/ton, dropping by ¥ 500/ton over the previous week.

The base price of Shindachi scraps too averaged at ¥ 30,000/ton to ¥ 30,500/ton in the Tokyo Bay region.

Meanwhile, Tokyo Steel has announced a cut of ¥ 1,000/ton in scrap purchasing prices for all grades effective December 11^th, 2014 at all its five steel works.

The scrap purchasing prices at Okayama works in Western Japan were reduced by ¥ 1,000/ton to ¥ 27,000/ton and those in Kyushu works too dropped by ¥ 1,000/ton to ¥ 28,000/ton.

Tokyo Steel’s scrap purchasing prices in Tahara works in Central Japan were at ¥ 29,000/ton, while those in Takamatsu steel center were at ¥ 27,000/ton.

The scrap purchasing prices at Utsunomiya works in northern Kanto have now dropped by ¥ 1,000/ton to ¥ 29,000/ton.