Ferrous scrap prices are still in the strong tones in the Tokyo area, Eastern Japan, at around 16,500 yen per tonne for H2 and around 18,500 yen per tonne for H1 and around 20,500 yen per tonne for HS for dealers’ purchase pricesProduction of heavy scrap is increasing from the previous month. That of the second half of this month is likely to be flat, and the supply and demand keeps its good balance.The purchase price of ferrous scrap by the electric furnace steel makers in the Kanto area around Tokyo remains at around 24,000-25,000 yen per tonne. Arrival of the scrap by electric furnace steel makers is increasing, and the shipping movement is active.The market price is likely to keep its firmer tone.In Osaka, ferrous scrap price is around 11,000 yen per tonne for H2.
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)