JAPAN SCRAP: Low supply boosts P&S prices despite lower export demand

摘要

Export prices for Japan-origin plate and structural (P&S) grades of ferrous scrap rose by ￥500 ($5) per tonne week on week on Wednesday April 29, with tighter supplies over recent weeks keeping the values up, sources have told Fastmarkets. Japanese scrap collection has decreased over recent months, and was now affecting both prime and obsolete grades of material. Plant closures among car manufacturers and reduced output at fabrication shops started to curtail collection volumes of Shindachi busheling from mid-March onward, sources said, leading to support for prices of the prime grade from late March.