Flat Ferrous Scrap Price in Tokyo, Osaka

Ferrous scrap market price is flat at around 18,000 yen per tonne for H2 grade, 19,800 yen for H1 grade and 21,500 yen for HS grade at the dealers’ purchase price including freight around Tokyo. Local electric arc furnace steel makers’ purchase is as same as last week at 24,000-25,000 yen for H2 grade while some makers pay around 25,500 yen.

Some local electric furnace steel makers reduced the purchase price by around 500 yen per tonne in December. However, the market price does not decline.

The market sources see the local market price is impacted by export while local electric furnace steel makers stop the operation longer during year-end and new-year than usual.

Ferrous scrap price is flat at around 16,000 yen per tonne for H2 grade at the dealers’ purchase price around Osaka while local electric furnace steel makers pay 23,500-24,500 yen and some makers pay around 25,000 yen.