Ferrous scrap price is flat at 14,900 yen per tonne for steel turning scrap, 17,900 yen for A grade pig iron turning scrap and 16,900 yen for B grade pig iron turning scrap at dealers’ purchase price including freight around Tokyo. The price is expected to keep the level under demand season. The price kept the level since local electric furnace steel makers reduced the scrap purchase price slightly in October. The makers pay around 20,000 yen per tonne for turning scrap. A dealer source said the makers couldn’t reduce the purchase price in the demand season. Ferrous scrap price is firm at around 17,000 yen per tonne for H2 grade around Osaka.
Japan Steel Scrap Composite Prices (Sangyo Press)12/12/2018
|30100YEN (-)||35300YEN (-)|
|0.99US$ (-)||1.16US$ (-)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)