Ferrous scrap price is flat at 25,100 yen per tonne for pressed new cutting scrap and 24,100 yen for new cutting grade without press at dealers’ purchase price including freight around Tokyo. The price is expected to keep the level with firm demand. The scrap export shipping was slow from Tokyo bay. With the slower export, the dealers ship to local electric furnace steel makers. Local steel makers get scrap arrivals enough to the consumption. The makers already reduced the scrap purchase price for the first batch. Local market expects the scrap market price has no sign to decrease widely under the demand season. Ferrous scrap price is also flat 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)