Ferrous scrap market price is firm 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’ purchase price including freight around Tokyo. The price is likely to keep firm under tight supply.
Local electric furnace steel makers pay 18,500-19,500 yen per tonne for turning scrap. The dealers also increased the purchase price by around 1,500 yen from last week when the local steel makers increased the purchase price to encourage the scrap shipment.| M | T | W | T | F | S | S |
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Japan Steel Scrap Composite Prices (Sangyo Press)
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