Japanese billet export price made by electric furnace maker is decreasing. South Korean buyers offered its import price at FOB US$ 680 per tonne in the last half of September due to rapidly decreased ferrous scrap price, which are maintaining see-and-wait stance. The offer price from Middle Asia fell below FOB US$ 500 per tonne in recently.
The export price increased to FOB US$ 1,074 per tonne to South Korea in July-August shipping. After ferrous scrap price decreased, the export price reduced by a large margin. Ferrous scrap price in USA decreased to around US$ 300 per tonne. Dealer source said billet export price may close to US$ 400. Japanese ferrous scrap and billet price is likely to keep decreasing at the moment.| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Sep | ||||||
| 1 | 2 | 3 | ||||
| 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 | |
Japan Steel Scrap Composite Prices (Sangyo Press)
2024/11/22| H2 | NewCutting (PRESS) |
| 41300YEN (-) | 43200YEN (-) |
| 265.56US$ (1.04) | 277.78US$ (1.09) |
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)
- JMB Tieup company
- The Korea Metal Journal
- ferro-alloys.com
- Steel on the net
- AMM
- MEPS
