Flat Ferrous Scrap Price in Tokyo

Ferrous scrap market price is flat at around 12,400 yen per tonne for steel turning scrap, around 12,900 yen for A grade pig iron turning scrap and around 12,400 yen for B grade pig iron turning scrap at the dealers’ purchaser price including freight around Tokyo. The price is likely to keep the level under low level supply.

Local electric furnace steel makers pay 18,500-19,500 yen per tonne for turning scrap. The makers keep the purchase price in the week while the dealers also keep the purchase price level. A dealer source said the dealers cannot reduce the purchase price under the low level supply from the market.

Ferrous scrap market price is flat at around 16,500 yen per tonne for H2 grade around Osaka. Local electric furnace steel makers pay 23,000-24,500 yen for H2 and some makers pay more.