December 02, 2008

Ferrous scrap price records first drop in 9 months in Osaka

JMB reported that ferrous scrap market price decreased around Osaka for the first time since October 2007 after the price dropped around Tokyo due to slower export shipping.

The dealers around Osaka try to increase the shipment for the local makers when they expect the price could decrease from more than JPY 70,000 per tonne level for H2 grade.