The leading Japanese EAF steel producer Tokyo Steel has cut its local scrap purchase prices for one plant, Utsunomiya. Domestic scrap procurement prices of the other plants have remained stable.
Despite the announced cut, Tokyo Steel’s general range for H2 grade scrap has remained at JPY 48,000-51,000/mt ($330-351/mt) depending on the mill. The dollar equivalent has increased by $1/mt due to fluctuations in the Japanese yen-US dollar exchange rate. The upper end of the procurement prices is now represented by the Okayama and Kyushu plants, while Takamatsu still has the lowest prices.
Shindachi scrap prices of Tokyo Steel have also moved sideways, at JPY 49,000-52,000/mt ($337-358/mt), also increasing by $1/mt on dollar basis. All the prices in question are delivered and effective as of September 2.
|
Plant |
H2 |
Shindachi |
||
|
Price (JPY/mt) |
Price change (JPY /mt) |
Price (JPY/mt) |
Price change (JPY/mt) |
|
|
Tahara |
50,000 |
- |
51,000 |
- |
|
Nagoya |
49,000 |
- |
- |
- |
|
Okayama |
51,000 |
- |
52,000 |
- |
|
Kyushu |
51,000 |
- |
52,000 |
- |
|
Utsunomiya |
50,000 |
-1,000 |
51,500 |
-1,000 |
|
Takamatsu |
48,000 |
- |
49,000 |
- |
$1= JPY 145.35