• Bloomberg


Japan’s scrap iron and steel prices rose to a record for a fifth consecutive week as demand from Japanese, South Korean and Chinese steelmakers rose and a drop in building demolitions reduced the supply of reclaimed girders.

The average cost of H2-grade ferrous scrap jumped 3.6 percent to an all-time high of ¥46,297 per ton this week, the Japan Ferrous Raw Materials Association said.

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