Ferrous Scrap Price is Still Weak Tone in Tokyo

摘要

Ferrous scrap price is still weak tone in Tokyo. It is around 14,000 yen per tonne for H2 and around 18,000 yen for HS at dealer's purchasing price including freight.Electric furnaces steel manufactures reduced the purchasing price of ferrous scrap by about 500 yen per tonne before consecutive holidays. It is a ground of easy of supply and demand. Dealers plan to reduce the purchasing price too.