Kansai Ferrous Scrap Market Continues to be Flat with a Weak Tone

摘要

The ferrous scrap market price in the Kansai area has been flat with a weak tone since the beginning of April. The last time when Okayama Plant of Tokyo Steel, which is a price leader in the Kansai area, reduced its purchasing price was March 28, and it has maintained its price for more than 2 weeks since then. In these situations, the market price in the Kansai area has fluctuated in a narrow range. However, the higher price separated from the spot price has gradually declined. In addition, Kishiwada Steel and Nippon Steel have reduced some of their high-grade items. So, the market is now in a downward trend.