Ferrous scrap market price is decreasing at around 4,900 yen per tonne for steel turning scrap, around 5,400 yen for A grade pig iron turning scrap and around 4,900 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 due to relative tight supply.
Local electric furnace steel makers pay 9,000-11,500 yen per tonne for turning scrap. Tokyo Steel Manufacturing’s Utsunomiya plant reduced the scrap purchase price by 1,000 yen on Tuesday and other makers followed the move. However, the scrap supply is still tight. A trading firm source said the dealers could build scrap inventory, instead of immediate shipping when the price decreased additionally. Ferrous scrap market price is decreasing at around 9,000 yen per tonne for H2 grade around Osaka.| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Sep | ||||||
| 1 | 2 | 3 | ||||
| 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 | |
Japan Steel Scrap Composite Prices (Sangyo Press)
2024/11/21| H2 | NewCutting (PRESS) |
| 41300YEN (-) | 43200YEN (-) |
| 264.52US$ (-0.38) | 276.69US$ (-0.39) |
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)
- JMB Tieup company
- The Korea Metal Journal
- ferro-alloys.com
- Steel on the net
- AMM
- MEPS
