Fastmarkets’ price assessment for steel scrap H2, export, fob main port Japan
, was ¥36,000-38,000 ($343-362) per tonne on Wednesday, up by ¥1,500-3,000 per tonne from ¥33,000-36,500 per tonne fob one week before.
The price assessment was based on offers heard at ¥38,000 per tonne fob, while sources said that some suppliers may be willing to accept prices of ¥36,000 per tonne fob. Bids were heard from South Korea at ¥35,000 per tonne fob.
The higher fob H2 prices were heard after a rise in dockside prices, ending a continuous drop in Japanese prices over recent weeks.
Tokyo Bay prices were heard at ¥33,000-34,000 per tonne fas on February 3, up from ¥31,000 per tonne fas one week before.
“Offers from suppliers increased this week, so no transactions will be agreed,” a Japanese...