The turnings scrap market prices in the Tokyo area, Eastern Japan, are flat at around 9,900 yen per tonne for steel turnings, around 12,900 yen per tonne for pig iron turnings A, and around 11,900 yen per tonne for pig iron turnings B, for dealers’ purchase price as their center values. The purchase prices of H2 by electric furnace steel makers in the area are flat to 23,500-24,000 yen per tonne. The supply and demand is still tight. On the other hand, wholesalers think that the turnings scrap market will continue to be bullish in March because of the export agreement at the higher prices. Asian steel makers finished the purchase of scrap. So the turnings scrap market prices will not rise.
Japan Steel Scrap Composite Prices (Sangyo Press)12/01/2022
|46600YEN (-200)||47800YEN (-100)|
|337.46US$ (2.86)||346.15US$ (3.69)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)