Firm Ferrous Scrap Price in Tokyo

Ferrous scrap market price is firm at around 53,900 yen per tonne for steel turning scrap, at around 56,900 yen for A grade pig iron turning scrap and at around 55,900 yen for B grade pig iron turning scrap at dealers’ purchase price including freight around Tokyo. The price is likely to keep firm under tight supply. Local electric furnace steel makers pay 59,000-63,000 yen per tonne for turning scrap. They increased the purchase price by 4,000 yen during the month under tight supply. The dealers expect the steel makers could increase the purchase price more to secure the requirement. Ferrous scrap market price is firm at around 57,500 yen per tonne for H2 grade around Osaka.