Firm Ferrous Scrap Price in Tokyo

Ferrous scrap price is firm at 17,900 yen per tonne for steel turning scrap, at 20,900 yen for A grade pig iron turning scrap and 19,900 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 increase the output. Local scrap dealers ship more for local electric furnaces when Japanese domestic scrap price increases while scrap export shipping is slow. Local electric furnaces pay around 22,500 yen per tonne for turning scrap. Ferrous scrap price is firm at around 22,000 yen per tonne for H2 around Osaka.