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Japan's Tokyo Steel Mfg Co has reduced what the pricing leader pays for locally available ferrous scrap by JPY 500 per tonne to JPY 1000 per tonne again for buying by its units across Japan. As a result, the new delivered prices of No2 HMS are
Tahara works – JPY 29,500
Okayama works– JPY 28,500
Kyushu works– JPY 29,500
Utsunomiya works – JPY 29,500
Takamatsu steel works – JPY 28,500

As per market information, some other major steel scrap buyers in SEA including South Korean POSCO, Dongbu and Hyundai also have reduced their buying prices this week by USD 10 to USD 15 per tonne

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Zn
2252
Ni
16505
Sn
20530
Al
1913
Cu
6735
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Weekly Poll
Coking coal prices to weaken in Q2
Yes
No
Can't Say
Baltic Dry Index
10 Oct, 2014
BDI
963
BCI
1544
BPI
865
BSI
970
Source: DryShips.com
Currency Rate
24 Oct, 2014
USD
1.0000
AUD
1.1429
BRL
2.4466
CAD
1.1150
CNY
6.1468
EUR
0.7881
GBP
0.6152
INR
61.6655
JPY
109.3632
RUB
39.4071
ZAR
11.2575
Source: http://www.xe.com