Ferrous scrap price keeps flat with weak tone in Tokyo. It is around 13,500 yen per tonne for H2, around 15,800 yen for H1, and around 17,500 yen for HS, at dealer’s purchasing price including freight. Ferrous scrap purchasing price of local electric furnaces steel manufactures is around 21,500-22,500 yen per tonne for H2, and high price is around 23,500 yen. Arrival of makers remains favorably. Some dealers are increasing inventries because the price is expected to react after Chinese New Year. Export price in Tokyo bay area starts to improve, and dealers are taking a cautious attitude. Chinese scrap price is key. Market is likely to keep flat with weak tone.
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)