Ferrous scrap price is 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.Tokyo steel, the largest electric furnaces steel manufacture, has been keeping ferrous scrap purchasing price for a month from December 23, 2005. Other electric furnaces steel makers are cautious about price reduction.Ferrous scrap purchasing price by local electric furnaces steel makers is around 21,500-22,500 yen per tonne for H2. Arrivals in makers do well, and local supply and demand is still easy.Export price of ferrous scrap at Tokyo bay area keeps at 21,000 yen, but some firms are seeking lowest price.Ferrous scrap market is weak tone in Osaka. The price is around 11,000 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)