Japanese Ferrous scrap Export Prices Fall
JMB reported that Japanese ferrous scrap export price was JPY 35,414 per tonne from Tokyo bay for H2 grade for November 2007 shipment at monthly tender held by Kanto Tetsugen which was JPY 1,736 lower than previous month and represented drops for 2 months in a row.
Tokyo Steel Manufacturing reduced the scrap purchase price by JPY 500 per tonne at all plants and decreased the H2 purchase price to JPY 37,500 per tonne at Utsunomiya plant. Japanese ferrous scrap market price decreases with lower offshore demand.
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