Flat Ferrous Scrap Price in Tokyo

Ferrous scrap 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 expected to keep the level when dealers try to ship earlier with expectation that the price couldn’t increase more. Local electric furnace steel makers get scrap arrival enough to the consumption. They pay 19,000-19,500 yen per tonne for turning scrap and some pay as high as 20,000 yen. The price is competing with FAS 19,000-19,500 yen of shipping price from Tokyo bay.