Get started

Japanese scrap prices up 6% on the week

Japanese spot prices for scrap have soared in the wake of recent moves by Tokyo Steel to raise its own prices for scrap purchases and product exports.

November 22, 2012
By Generic people page

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The national average price for H2 grade scrap now stands at ¥23,926 ($291) per tonne, according to the latest weekly figures put out by the Japan Ferrous Raw Materials Assn.

The new average price marks a ¥1,384 – or a 6.1% – increase on the previous week and means that Japanese scrap prices have now shot up by ¥2,775 per tonne in just two weeks.

Scrap prices are being driven higher by heavy buying ahead of the upcoming long weekend in conjunction with the country’s Labour Thanksgiving Day, and a general improvement in the supply and demand situation.

Also supporting higher domestic prices are strong export prices, with deals to Taiwan last week reportedly being settled at $375 per tonne cfr and those to China at $375 per tonne fob, while one major Korean mill apparently bid ¥26,000 per tonne fob for a consignment of H2 scrap.

What to read next
Delayed publication of flat steel reduced carbon emissions, daily inferred, exw China
The following price was affected: MB-STE-0923 Flat steel reduced carbon emissions, daily inferred, exw China, yuan/tonne, scheduled for 5-6pm China Standard Time (Shanghai), was published at 9:13pm. This price is part of the Fastmarkets steel package. For more information or to provide feedback on the delayed publication of this price, or if you would like […]
May 18, 2026
 · 
By Fastmarkets pricing team
Delayed publication of Steel scrap shredded index, import, cfr Nhava Sheva, India
The publication of Fastmarkets’ MB-STE-0421 Steel scrap shredded, index, import, cfr Nhava Sheva, India was delayed because of a peer reviewer error. The Fastmarkets pricing database has been updated.
May 15, 2026
 · 
By Fastmarkets pricing team
Delayed publication of Fastmarkets’ North American ferrous scrap prices for May
Fastmarkets advises that, as of Monday May 11, certain monthly North American ferrous scrap markets are yet to settle.
May 11, 2026
 · 
By Fastmarkets pricing team
Publication of Fastmarkets’ steel scrap No1 busheling, delivered mill Chicago assessment on Monday May 11, 2026
Fastmarkets published its assessment of the MB-STE-0232 steel scrap No1 busheling, consumer buying price, delivered mill Chicago, $/gross ton on Monday May 11, 2026.
May 11, 2026
 · 
By Fastmarkets pricing team
Delayed publication of Turkey domestic steel scrap prices
The following prices were affected: MB-STE-0093 Steel scrap auto bundle scrap domestic, delivered Turkey, lira/tonneMB-STE-0094 Steel scrap melting scrap from shipbreaking domestic, delivered Turkey, $/tonne These prices are part of the Fastmarkets scrap package. For more information or to provide feedback on the delayed publication of these prices, or if you would like to provide price information […]
May 11, 2026
 · 
By Fastmarkets pricing team
Pricing Notice
Delayed publication of steel HRC, CRC export, fob Black Sea, CIS
The publication of Fastmarkets' price assessments for steel hot-rolled coil export, fob Black Sea, CIS and steel cold-rolled coil export, fob Black Sea, CIS for Monday May 11 was delayed due to a reporter error. Fastmarkets pricing database has been updated.
May 11, 2026
 · 
By Fastmarkets pricing team