Ferrous Scrap Price Keeps flat with Strong Tone in Tokyo

Ferrous scrap price keeps flat with strong tone in Tokyo. It is around 15,500 yen per tonne for H2, around 17,800 yen for H1, and around 19,500 yen for HS, at dealer’s purchasing price including freight.Ferrous scrap export price, new contract basis, seems ceiling rate. Though it had increased step by step, anticipation of a fall appears recently due to inventory buildup.There are some export contracts for ferrous scrap still the middle of March, so scrap for export is likely to keep firmer tone, but it is expected to change to fall. Now therefore, the purchasing price and market price is estimated to decrease future.The market remains with firmer tone for the moment, it will be edging down.