Ferrous Scrap Price Increases in Tokyo

Ferrous scrap price is increasing to around 15,500 yen per tonne for H2, around 17,800 yen per tonne for H1 and around 19,500 yen per tonne for HS at dealers purchase price including freight in Tokyo. Local electric furnace steel makers pay 23,500-24,000 yen per tonne for H2. They watch and see the situation under appear ceiling mood on scrap export price. Japanese market players have mixed view on scrap price move. Korea and Taiwan steel makers is decreasing scrap purchase price, and Tokyo Steel Manufacturing increases that. Scrap dealers pay attention on export tender of ferrous scrap held by Tokyo-based ferrous scrap dealer’s association, Kanto Tetsugen. The market price is likely to keep flat.Ferrous Scrap Price Keeps firm in OsakaFerrous scrap price keeps firm in Osaka. The market price is around 11,000 yen per tonne for H2.