Flat Ferrous Scrap Price in Tokyo

Ferrous scrap market price is flat at around 39,400 yen per tonne for steel turning scrap, at around 42,400 yen for A grade pig iron turning scrap and at around 41,400 yen for B grade pig iron turning scrap at dealers’ purchase price including freight around Tokyo. The price is likely to keep the level with uncertainty. Local electric furnace steel makers pay 44,500-46,000 yen per tonne and some makers pay as high as 49,000 yen. Local makers increased the purchase price level to secure materials. However, the makers keep the price level since end of March. The dealers expect the price could keep the high level when the local supply is still tight. Ferrous scrap market price keeps firm at around 46,500 yen per tonne for H2 grade around Osaka.