Tag: Japan Tokyo steel prices

Japan’s domestic ferrous scrap prices corrected downward in mid-Janaury after having been on an uptrend since July, as domestic steel mills in Kanto around Tokyo cut their scrap procurement prices by Yen 1,000-2,000/tonne ($9.6-19.3/t) starting January 11 to cool down the frenzy in the market, though many scrap traders in Tokyo expected this to be…