Ferrous scrap price is flat at 11,400 yen per tonne for steel turning scrap, 14,400 yen for A grade pig iron turning scrap and 13,400 yen for B grade pig iron turning scrap at dealers’ purchase price including freight around Tokyo. The price is expected to keep the level when some makers are still in maintenance outage. Scrap export FAS price from Tokyo bay increases after Tokyo Steel Manufacturing raised the purchase price. Local electric furnace steel makers pay 19,000-19,500 yen per tonne for turning scrap. The dealers have options to ship local electric furnace steel makers or shipping to western Japan. Ferrous scrap price is flat at around 16,500 yen per tonne for H2 grade around Osaka.
Japan Steel Scrap Composite Prices (Sangyo Press)
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