Tag: Chubu Steel

Japan: Chubu region ferrous scrap prices drop by JPY 1,000-2,000/t ($7-14/t)

Aug 26, 2024

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by

Adarsh Ramteke

in Melting Scrap

Japan Metal Daily: Ferrous scrap prices in the Chubu region have dropped by JPY 1,000-2,000/t ($7-14/t), with current prices between JPY 43,500/t ($302/t) and JPY 46,500/t ($323/t). Many electric furnaces have shut down, with Chubu Steel closing until October for upgrades. This has caused crude steel production to fall below 300,000 t. Despite slow manufacturing,…