Ferrous scrap price is flat at around 20,100 yen per tonne for pressed new cutting scrap and at around 19,100 yen for new cutting scrap without press at dealers purchase price including freight in Tokyo. Though ferrous new cutting scrap productions decreased extremely on January and February, it has recovered to same level as ordinary year from March. Same tendency is seen on steel turning scrap too. Local electric furnace steel makers’ purchase price is flat at around 26,000 yen per tonne for new cutting scrap. Though some electric furnace steel makers stopped their shipments on the middle of March, they get sufficient scrap arrival now. The electric furnace steel makers’ purchase price and market price are likely to extend watch and see the situation.
Japan Steel Scrap Composite Prices (Sangyo Press)02/02/2023
|50400YEN (-)||51700YEN (-)|
|389.19US$ (4.16)||399.23US$ (4.27)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)