Stable Ferrous Scrap Price in Tokyo, Osaka

Ferrous scrap market price is around 24,000 yen per tonne for H2 grade, around 25,800 yen for H1 and 27,500 yen for HS grade at the dealers’ purchase price including freight around Tokyo. The price is around 23,000 yen around Osaka. The market watches results of Kanto Tetsugen’s monthly export tender on Friday.

Local steel makers’ scrap purchase price is 32,500-33,500 yen per tonne for H2 grade around Tokyo. The price is 32,000-34,000 yen around Osaka. The price decreased for the first time in around a month when Tokyo Steel Manufacturing reduced the purchase price by 500 yen. The makers try to adjust higher valued scrap purchase when scrap export price is getting stable. A dealer around Osaka said the price down pace could be slower than Tokyo area when the supply is still tight around Osaka.