Tag: Japan: Ferrous scrap prices in Nagoya region remain stable w-o-w

In Japan’s Nagoya region, ferrous scrap prices held steady at JPY 37,500-38,000/t ($254-257/t) as market participants adopted a wait-and-see stance following Tokyo Steel’s recent announcement of a reduction in scrap procurement prices by JPY 2,000/t ($14/t) for the Utsunomiya plant. EAF producers in the district are planning to increase crude steel production, but with stable…