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WEEKLY: Japan H2 scrap rates stay level after increasing an additional $3/t.

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On October 21, mini-mills in the Kanto region around Tokyo paid Yen 49,500-50,500/ t to accumulate H2 grade scrap, up Yen 500/t on week. "However some mills are still checking the activity as well as maintaining their prices unchanged, so we do not think the costs will certainly increase swiftly," a Tokyo-based scrap investor predicted. Tokyo.

pre : NBS: China Jan-Sept crude steel result down 3.4% YoY
next : Japan Sept crude steel outcome down for 9th month on slow-moving demand

Japanese prices of H2 grade scrap for domestic sales over October 17-21 rose by a further Yen 500/tonne ($3.4/t) on week after the decline of Yen 2,000/t since late September. But no major price movement was seen after the rise, market sources shared...

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