Ferrous scrap price is increasing to around 7,900 yen per tonne for steel turning scrap and around 10,900 yen for pig iron turning scrap at dealers purchase price in Tokyo.Local electric furnace steel makers pay around 22,000-22,500 yen per tonne for H2. Steel makers along Tokyo bay are increasing purchase price under increasing export price and procurement of integrated steel makers.Kyusyu plant of Tokyo Steel Manufacturing increased purchase prices for the first time in 1.5 months. Ferrous scrap price is increasing nationwide. Ferrous scrap price is likely to keep increasing when scrap shipping volume increases.Ferrous scrap price is likely to stay the level in Osaka. The price is around 10,500 yen per tonne for H2.
Japan Steel Scrap Composite Prices (Sangyo Press)09/28/2023
|50400YEN (-)||52000YEN (-)|
|334.55US$ (-1.27)||345.17US$ (-1.31)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)