Flat Ferrous Scrap Price in Tokyo

Ferrous scrap market price is flat at 22,900 yen per tonne for steel turning scrap, 25,900 yen for A grade pig iron turning scrap and 24,900 yen for B grade pig iron turning scrap at dealers’ purchase price including freight around Tokyo. The price is likely to keep the level when local electric furnace steel makers try to build scrap inventory for higher production in a-week long holiday. Local electric furnace steel makers pay around 29,000 yen per tonne for turning scrap and some pay as high as 31,000 yen. Most of them keep the scrap purchase prices in the month with some exception. Ferrous scrap market price is also flat at around 29,000 yen per tonne for H2 grade around Osaka.