October 16, 2008

Tokyo Steel to increase H2 scrap price

Japanese Tokyo Steel in a release on March 26th 2008 said that H2 scrap price has hit to JPY 55,500 per tonne to JPY 57,500 per tonne up by JPY 2,500 per tonne to JPY 3,000 per tonne.

For American market, H1 scrap price keeps stable for two weeks in a row, reaching at USD 351.17 per ton. Moreover, the average price of bundled scrap was USD 299.5 per long ton last week, similar to the price in two weeks ago.

(Sourced from YIEH.com)