Ferrous scrap market price is flat 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 likely to keep the level. Local electric furnace steel makers pay 19,000-19,500 yen per tonne for turning scrap. Some makers pay as high as 20,000 yen to compete with FAS shipping price from Tokyo bay. Tokyo Steel Manufacturing increased the scrap purchase price by 500 yen per tonne only for ocean transportation transaction to Okayama plant on Friday. Electric furnaces around Tokyo keep watching next move of Tokyo Steel at Utsunomiya plant.
Japan Steel Scrap Composite Prices (Sangyo Press)
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