Flat Ferrous Scrap Price in Tokyo

Ferrous scrap market price is around 19,100 yen per tonne for pressed new cutting scrap and around 18,100 yen for new cutting scrap without press at the dealers’ purchase price including freight around Tokyo. The price is likely to keep the level when the dealers try to find the next trend at home and abroad.

Local electric furnace steel makers pay 23,000-24,500 yen per tonne for new cutting scrap. Some steel makers reduced the purchase price slightly last week. However, most of local scrap dealers keep the purchase price when the scrap supply is still tight while they could reduce the purchase price with additional price down by steel makers.

Ferrous scrap market price is around 13,000 yen per tonne for H2 grade around Osaka.