Flat Ferrous Scrap Price in Tokyo

Ferrous scrap price is flat in Tokyo at 10,400 yen per tonne for steel turning scrap, 13,400 yen per tonne for A grade pig iron turning scrap and 12,400 yen per tonne for B grade pig iron turning scrap at dealers’ purchase price including freight.Successful bid increased by 550 yen to FAS 25,725 yen per tonne for H2 for May shipment at export tender held by Kanto Tetsugen on Wednesday. The price increased for 3 months in a row. The weak mood of the market price disappeared under this influence. Local electric furnace steel makers continue to purchase ferrous turning scrap at 15,000-17,000 yen per tonne. The market expects the price keeps the level until early May. In Osaka, ferrous scrap price is flat at around 15,500 yen per tonne for H2.