Flat Ferrous Scrap Price in Tokyo

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. Local electric furnace steel makers pay around 20,000 yen per tone for turning scrap. Export tender price decreased by 227 yen to averaged 27,260 yen per tonne for H2 at export tender held by Kanto Tetsugen on Thursday. A dealer source said the price is in line with the current market price though the price dropped by around 200 yen from last month tender. Ferrous scrap price is flat at around 17,000 yen per tonne for H2 grade around Osaka.