TOKYO (Scrap Monster) : The base price of Japanese H2 scrap has gone higher in the Tokyo Bay region. The base price of P&S scraps and Shindachi scrap also has shown improvement.
According to data, the Japanese H2 scrap base price in the Tokyo Bay region increased by ¥ 500/ton to ¥ 29,500~ ¥ 30,000/ton FAS as of Wednesday, 2nd April.
Also, the base price of P&S scraps in the region averaged at ¥ 33,000/ton ~ ¥ 33,500/ton. The P&S scrap prices appreciated by nearly $2,000/ton when compared with the average prices a month ago.
The base price of Shindachi scraps too averaged at ¥ 33,000/ton ~ ¥ 33,500/ton.
According to industry sources, the scrap prices may continue to maintain its uptrend in the forthcoming weeks on the back of increased demand.
Meanwhile, Tokyo Steel-the country’s top producer of H-beams has announced to hike its scrap purchasing prices at its Utsunomiya works in northern Kanto by ¥1,000/ton effective today(April 8th).
Copper Scrap View All | |
Alternator | 0.32 (0) |
#1 Copper Bare Bright | 3.72 (-0.03) |
Aluminum Scrap View All | |
356 Aluminum Wheels (Clean) | 0.73 (0) |
6061 Extrusions | 0.64 (0) |
Steel Scrap View All | |
#1 Bundle | 460.00 (0) |
#1 Busheling | 480.00 (0) |
Electronics Scrap View All |