Latest news on China Carbon Steel Scrap markets

WEEKLY: Japan H2 scrap prices flat, supply tightness continues

Japanese prices of H2 grade scrap for domestic sales over October 24-28 remained unchanged on week after rising by Yen 500/tonne ($3.4/t) in the previous week. Nevertheless, Japan's overall scrap supply has been kept tight, market sources shared.

WEEKLY: Japan H2 scrap prices stay flat after rising another $3/t

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.

Tokyo Steel lifts its scrap buying prices by $3.4/t

Tokyo Steel Manufacturing, Japan's leading electric-arc-furnace steel producer, has decided to lift its scrap buying prices by Yen 500/tonne ($3.4/t) effective from October 19 arrivals at all works and scrap yards across Japan, the company announced on late Tuesday.

WEEKLY: Japan's H2 scrap prices stop falling after a 3-w dip

Japanese prices of H2 grade scrap for domestic sales over October 10-14 remained flat on week after declining by a total of Yen 2,000/tonne ($13.4/t) in three weeks. Market sources shared it was partly due to the higher winning bids in Japan's latest monthly scrap export tender, which had led

Japan's scrap export tender price for Oct down by $6/t

The winning bid in Japan's latest monthly tender for H2 grade scrap for exports held on Wednesday was Yen 920/tonne ($6.3/t) lower than last month's top bid to Yen 50,120/t FAS, according to the tender organizer, the Kanto Tetsugen, the alliance of scrap dealers around Tokyo.

WEEKLY: Japan's H2 scrap prices down by another $7/t

Over October 2-7, Japanese prices of H2 grade scrap for domestic sales had declined for the third week by another Yen 1,000/tonne ($6.9/t) or by a total of Yen 2,000/t so far, and market sentiment remained weak with lower bid by overseas buyers, market sources shared.

Japan's Aug scrap exports up 14% MoM but still inactive

Japan's exports of ferrous scrap in August totaled 495,632 tonnes, 13.9% higher on month, though the volume had been below 500,000 tonnes for the third consecutive month, according to the data released by Trade Statistics of Japan on September 28.

WEEKLY: Japan's H2 scrap prices fall $3.5-7/t from peak

Japanese prices of H2 grade scrap for domestic sales declined Yen 500-1,000/tonne ($3.5-7/t) over September 19-23, after the prices had risen for five consecutive weeks over lower export bids and mills' completion of piling scrap stocks for their operations during the holiday weekend over September

SK's Hyundai Steel cuts bids for Japanese scrap by $9-11

South Korea's Hyundai Steel's latest bids for Japan-origin scrap tabled on September 22 were Yen 1,300-1,500/tonne ($9.1-10.5/t) lower from its previous bids on August 30. Some market sources said the lower bids might have reflected the expected softening in Japanese scrap prices.

WEEKLY: Japan's H2 scrap prices rise ahead of holidays

Over September 12-16, Japanese prices of H2 grade scrap for domestic sales had risen for the fifth week, as mini-mills were aggressively collecting scrap to prepare for their operations during two public holidays (over September 17-19 and September 23-25). However, Japanese scrap prices have become