Firm Ferrous Scrap Price in Tokyo

Ferrous scrap market price is firm at around 22,000 yen per tonne for H2, around 23,800 yen for H1 and around 25,500 yen for HS at the dealers’ purchase price including freight around Tokyo. The price is likely to keep firm due to tight supply.

Local electric furnace steel makers pay 28,500-30,000 yen per tonne for H2 grade around Tokyo. The supply usually gets dull due to the makers’ summer time maintenance outage in July-September. However, the current supply is expected to keep tight due to very slow scrap generation along with firm export shipping from Tokyo bay.

Ferrous scrap market price is around 21,000 yen per tonne for H2 around Osaka. Local electric furnace steel makers pay 28,000-30,000 yen for H2 grade around Osaka.