Flat Ferrous Scrap Price in Tokyo

Ferrous scrap market price is flat at around 24,000 yen per tonne for H2, around 25,800 yen for H1 and around 27,500 yen for HS at the dealers’ purchase price including freight around Tokyo. The price is likely to keep firm due to tight local supply.

Local electric furnace steel makers pay 30,500-32,000 yen per tonne for H2 grade scrap around Tokyo. The export price shows sign to peak recently after the aggressive increase since mid-July. However, the tight supply continues and the supply balance is likely to continue when the industrial activity is still slow.

Ferrous scrap market price is flat at around 23,000 yen per tonne for H2 grade around Osaka. The local electric furnace steel makers pay 29,500-31,500 yen for H2 grade scrap.