Flat Ferrous Scrap Price in Tokyo and Osaka

Ferrous scrap market price is flat at around 18,000 yen per tonne for H2 grade, 19,800 yen for H1 grade, and 21,500 yen for HS grade at the dealers’ purchase price including freight around Tokyo. Local electric furnace steel makers’ purchase price is 24,000-25,000 yen for H2 grade, as same as last week. Some makers pay 25,500 yen. The dealers’ purchase price stays flat when steel makers leave the price unchanged.

A dealer source expects the price would not decline when the winning bid price for scrap from the demolition work is almost as same as steel makers’ purchase price in some cases. Meanwhile, scrap supply maintains low.

Ferrous scrap price in Osaka is around 16,000 yen per tonne for H2 grade at the dealers’ purchase including freight while local electric furnaces pay 23,500-24,500 yen for H2 grade with the highest price at 25,500 yen.