Firm Ferrous Scrap Price around Tokyo

Ferrous scrap price is increasing by 500 yen per tonne to 14,900 yen for steel turning scrap, at 17,900 yen for A grade pig iron turning scrap and at 16,900 yen for B grade pig iron turning scrap at dealers’ purchase price from last week including freight around Tokyo.

The market price is increasing by about 20% or over 3,000 yen per tonne from the first week with the effect as the purchase price of local electric furnace steel makers is increasing. Ferrous scrap price could keep strong around Tokyo with the increase in production by local electric furnace makers.

Electric furnace steels pay the purchase price for turning price at 20,000-25,000 yen for H2 and some pay as high as 23,500 yen.