Flat Ferrous Scrap Price in Tokyo

Ferrous scrap price is flat at 14,900 yen per tonne for steel turning scrap, at 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 the demand season despite of price down pressure from local electric furnace steel makers. Local steel makers pay around 20,000 yen per tonne for turning scrap. Scrap export shipping from Tokyo bay was slow since mid-September. Local scrap dealers ship more to local electric furnaces. Local steel makers get scrap arrivals enough to the consumption. Ferrous scrap price is also flat at around 17,000 yen per tonne for H2 grade around Osaka.