New Cutting Scrap Price is Strong Tone in Tokyo

New cutting scrap price is still strong tone in Tokyo. It is around 20,100 yen per tonne for press, and around 19,100 yen for bulk at dealer’s purchasing price including freight.Inventories of ferrous scrap in local electric furnaces steel makers are decreasing because they finished intensive operation in 21st. Scrap productions is low level which is same level as the previous month, and supply is kind of tight. So, blast furnaces and electric furnaces steel manufactures keep the price the same. The purchasing price in dealers isn’t also likely to move. The purchasing price by electric furnaces steel manufactures and market price is expected to keep strong tone.In Osaka, ferrous scrap price keeps the wait and see situation. The market price is around 11,000 yen per tonne for H2.