Firm Ferrous Scrap Price in Tokyo

Ferrous scrap market price keeps firm at around 40,900 yen per tonne for steel turning scrap, at around 43,900 yen for A grade pig iron turning scrap and at around 42,900 yen for B grade pig iron turning scrap at dealers’ purchase price including freight around Tokyo. The price is expected to keep firm under tight supply. Local electric furnace steel makers pay 46,000-47,500 yen per tonne for turning scrap. The price increases under tight supply. The dealers try to secure the materials at higher price following the market. Ferrous scrap market price keeps firm at around 48,000 yen per tonne for H2 grade scrap around Osaka.