Ferrous scrap price increased by 500 yen to 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 turning scrap shipping price is increasing at FAS 19,000-19,500 yen per tonne from Tokyo bay. Some deals of the shipping are as high as 20,000 yen. Local supply is getting tighter when the shipping to western Japan increases. Local electric furnace steel makers get smaller scrap arrivals. Local electric furnaces pay the price as shipping price. The market price is expected to increase more. Ferrous scrap price is also increasing at around 16,000 yen per tonne for H2 around Osaka.
Japan Steel Scrap Composite Prices (Sangyo Press)
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