The leading Japanese EAF steel producer Tokyo Steel has raised its local scrap purchase prices for of its three plants, while this move also means a retraction of the price reduction made for the Utsunomiya plan on September 2. Meanwhile, Japan’s Kanto scrap tender has been closed with an increase, with the destination being Bangladesh. For both price adjustments, the depreciation of the Japanese yen had a stronger impact on the dollar-based quotations.
Despite the price changes, Tokyo Steel’s general range for H2 grade scrap is still at JPY 48,000-51,000/mt ($326-346/mt) depending on the mill. The dollar equivalent has decreased by $4-5/mt due to fluctuations in the Japanese yen-US dollar exchange rate. The upper end of the procurement prices are now represented by four plants, followed by Nagoya, while Takamatsu still has the lowest price.
Shindachi scrap prices of Tokyo Steel have also moved sideways, at JPY 49,000-52,000/mt ($333-353/mt), also decreasing by $-45/mt on dollar-basis. All the prices in question are delivered and effective as of September 13.
|
Plant |
H2 |
Shindachi |
||
|
Price (JPY/mt) |
Price change (JPY /mt) |
Price (JPY/mt) |
Price change (JPY/mt) |
|
|
Tahara |
51,000 |
+1,000 |
52,000 |
+1,000 |
|
Nagoya |
50,000 |
+1,000 |
- |
- |
|
Okayama |
51,000 |
- |
52,000 |
- |
|
Kyushu |
51,000 |
- |
52,000 |
- |
|
Utsunomiya |
51,000 |
+1,000 |
52,500 |
+1,000 |
|
Takamatsu |
48,000 |
- |
49,000 |
- |
$1 = JPY 147.28