Flat Ferrous Scrap Price in Tokyo

Ferrous scrap market price is flat at around 8,900 yen per tonne for steel turning scrap, around 9,400 yen for A grade pig iron turning scrap and around 8,900 yen for B grade pig iron turning scrap at the dealers’ purchase price including freight around Tokyo. The price is likely to keep the level under balanced supply.

Local electric furnace steel makers pay 13,000-15,500 yen per tonne for turning scrap. Most of the makers kept the price level since late April. A yard dealer source said the low level supply is balanced to the very low consumption by local steel makers.

Ferrous scrap market price is also flat at 12,500 yen per tonne for H2 grade around Osaka. Local makers pay 19,500-21,000 yen for H2 grade.