Firm Ferrous Scrap Price in Tokyo

Ferrous scrap market price is firm at 26,900 yen per tonne for steel turning scrap, at 29,900 yen for A grade pig iron turning scrap and at 28,900 yen for B grade pig iron turning scrap at dealers’ purchase price including freight around Tokyo. The price is likely to keep strong when local electric furnace steel makers increase the purchase for higher output. Local steel makers pay 30,500-31,500 yen per tonne for turning scrap and some makers pay as high as 35,500 yen. With the higher price for the demand side, the local scrap dealers increased the purchase price by around 4,000 yen in a month. Ferrous scrap market price is firm at around 29,000 yen per tonne for H2 grade around Osaka.