JMB reported that ferrous scrap price dropped around Osaka for 2 weeks in a row when local steel makers get more scrap arrivals. Local electric furnace steel makers reduced the purchase price by JPY 500 to JPY 1,000 to JPY 71,000 to JPY 72,000 per tonne for H2 grade last week, which was JPY 1,250 or 2% lower than recent peak.
Japanese ferrous scrap price in downward trends
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Posted - 07/30/2008 : 03:22:46
