Weak Scrap Price in Tokyo

Ferrous scrap market price is weak at 11,900 yen per tonne or 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. Local electric furnace steel makers get scrap arrival enough for the consumption when scrap export shipping decreases from Tokyo bay. Some scrap dealers stop to ship scrap temporally. With the easy supply, the market price and the makers’ purchase price are weak. Tokyo Steel Manufacturing reduced the scrap purchase price by 500 yen per tonne for all scrap grades at Kyushu plant though the firm left the price unchanged at Utsunomiya plant. Electric furnace steels around Tokyo keep watching next move by Tokyo Steel. Ferrous scrap price is still strong and flat at around 17,000 yen per tonne for H2 grade around Osaka.