According to a survey by the Japan Ferrous Raw Materials Association, Japan's domestic market prices of locally available ferrous scrap averaged JPY 29,464 per tonne delivered at steelworks for No2 HMS in the Kanto, Chubu and Kansai areas in the fifth week of November 2010, up by JPY 211 from a week ago.
As a result, the average price advanced for four consecutive weeks.
In the fifth week of November 2010, the monitor prices of No2 HMS ex steelworks in cash transactions were JPY 31,233 per tonne in Kanto, no change from a week ago; JPY 28,260 per tonne in Chubu, up JPY 300 and JPY 28,900 per tonne in Kansai, up by JPY 333. The monitor price indicates the average of benchmark prices.