Ferrous scrap price is weak at 11,900 yen per tonne for steel turning scrap, 14,900 yen for A grade pig iron turning scrap and 13,900 yen for B grade pig iron turning scrap at dealers’ purchase price including freight around Tokyo. The price is expected to keep weak when local electric furnace steel makers reduce the consumption. Local scrap dealers try to ship the inventory earlier before the price down when the market is expected to decrease. Local steel makers get enough scrap arrivals for the consumption. Local makers pay 19,000-19,500 yen per tonne for turning scrap competing with FAS shipping price from Tokyo bay. Ferrous scrap price is weak at around 16,500 yen per tonne for H2 around Osaka.
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