Japan’s Tokyo Steel adjusts scrap buying price down at one location

Tuesday, 06 August 2019 23:34:42 (GMT+3)   |   San Diego

On July 23, SteelOrbis reported that Tokyo Steel increased scrap buying prices at the Utsunomiya plant. Prices at the Okayama and Tahara sites remained stable at around JPY 25,500/mt ($236/mt) and JPY 26,200 ($242/mt), respectively, but increased at the Utsunomiya plant to about JPY 26,900/mt ($248/mt), all prices delivered to customer.

Sources inform SteelOrbis that the Utsunomiya and Tahara plants are reportedly retaining prices stable but that the Okayama buying scrap prices have been adjusted downward JPY 500/mt.

Prices at the Okayama site are reportedly around JPY 25,000/mt ($235/mt), around JPY 26,200 ($246/mt) at the Tahara sites, and JPY 26,900/mt ($253/mt) at the Utsunomiya plant, all prices delivered to customer. Due to currency fluctuations, prices at the Okayama plant decreased $1/mt while they increased at the other two locations. Prices increased $4/mt at the Tahara plant and $5/mt at the Utsunomiya plant.

USD = JPY 108.28 (Jul 23)

USD = JPY 106.49 (Aug 6)

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