Firm Ferrous Scrap Price in Tokyo

Ferrous scrap market price is firm at around 54,000 yen per tonne for H2, at around 56,300 yen for H1 and at around 58,000 yen for HS at dealers’ purchase price including freight around Tokyo. The price is likely to keep firm with strong demand at home and abroad. Japanese scrap export price hit record FAS 64,850 yen per tonne for H2 grade scrap from Tokyo bay at monthly tender for June shipment by Kanto Tetsugen on May 13, which was 6,850 yen higher than previous tender. The price level is around 2,000 yen higher than local makers’ purchase price. Local scrap dealers expect the makers should increase the purchase price. Ferrous scrap market price is firm at around 53,500 yen per tonne for H2 grade around Osaka.