Ferrous scrap market price is firm at around 27,900 yen per tonne for steel turning scrap, at 30,900 yen for A grade pig iron turning scrap and at 29,900 yen for B grade pig iron turning scrap at dealers’ purchase price including freight around Tokyo. The price is expected to keep firm when local electric furnace steel makers build scrap inventory toward 3-day holiday weekend. Local makers pay 32,500-33,500 yen for turning scrap and some pay as high as 35,500 yen. The turning scrap supply is low level in the week just after a week long yearend and New Year holiday for automakers and appliances makers. The dealers expect the market keeps firm for a while when the local makers keep operations in the holiday weekend. Ferrous scrap market price is firm at around 32,500 yen per tonne for H2 grade around Osaka.
Japan Steel Scrap Composite Prices (Sangyo Press)
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