Flat Ferrous Scrap Price in Tokyo

Ferrous scrap market price is flat at around 15,000 yen per tonne for H2, around 16,800 yen for H1 and around 18,500 yen for HS at the dealers’ purchase price including freight around Tokyo. The price is likely to keep the level under balanced supply.

Local electric furnace steel makers pay 21,000-23,000 yen per tonne for H2 grade scrap around Tokyo. The makers keep the price level recently and the dealers also keep the scrap purchase price from the market. A dealer source said the supply is still balanced while the local market price couldn’t get active without higher export shipping.

Ferrous scrap market price is also flat at around 15,500 yen per tonne for H2 grade around Osaka. Local electric furnace steel makers pay 23,000-25,000 yen for H2 grade scrap.