Due to large suppliers and buyer the difference between the bid and Japan scrap export markets at an impasse.

At present, most of Japan's no. 2 heavy waste scrap suppliers export price rose to about 34500 yen/ton (FOB). However, due to scrap steel market is still in the downward trend in China, South Korea steel mills for new purchase Japanese scrap steel to be cautious.

Posco P&S company bid last weekend of 36100-36200 / ton (FOB) imported Japanese yen in September shipment P&S scrap steel, shredded scrap bid in 35100-35200 yen/ton (FOB), a rise of 500 yen in the week before the bid/tons.