Flat Ferrous Scrap Price in Tokyo

Ferrous scrap market price is flat at 23,400 yen per tonne for steel turning scrap, at 26,400 yen for A grade pig iron turning scrap and at 25,400 yen for B grade pig iron turning scrap at dealers’ purchase price including freight around Tokyo. The price is likely to keep the level when local makers build scrap inventory.

Local electric furnace steel makers pay 29,000-29,500 yen per tonne and some pay as high as 30,000 yen for turning scrap. The scrap supply is still slow though some makers increased the purchase price. Their operation is slow due to maintenance while they try to secure the materials for output increase during major holiday in mid-August.

Ferrous scrap market price is firm at around 29,000 yen per tonne for H2 grade around Osaka.