Flat Ferrous Scrap Price in Tokyo

Ferrous scrap price is flat at 25,100 yen per tonne for pressed new cutting scrap and at 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 the slow demand. Japanese scrap price is relative higher for steel makers in South Korea and Taiwan. Japanese scrap exporters have trouble to get new order. Japanese scrap export price was FAS 26,794 yen per tonne for H2 at tender held by Kansai Tetsugen on Friday. The price was around 700 yen lower than successful bid of FAS 27,487 yen at tender by Kanto Tetsugen on October 11. Ferrous scrap price is also flat at around 17,000 yen per tonne for H2 around Osaka.