Sources inform SteelOrbis that Tokyo Steel recently increased scrap buying prices at the Utsunomiya plant. On June 27, SteelOrbis reported Tokyo Steel scrap buying prices at Okayama at JPY 26,000/mt ($241/mt), the Tahara site at JPY 26,500/mt ($246/mt), and the Utsunomiya site at JPY 26,500/mt ($246/mt), all prices delivered to customer.
According to updated information, Tokyo Steel decreased scrap buying prices on July 5 prices at Okayama to JPY 25,500/mt ($235/mt), at Tahara site to JPY 26,200/mt ($241/mt), and at Utsunomiya site to JPY 26,200/mt ($241/mt), all prices delivered to customer.
Prices at the Okayama and Tahara sites remain stable at around JPY 25,500/mt ($236/mt) and JPY 26,200 ($242/mt), respectively, but have increased at the Utsunomiya plant to about JPY 26,900/mt ($248/mt), all prices delivered to customer. Compared to early July, prices at Okayama and Tahara increased $1/mt while scrap buying prices at Utsunomiya increased about $7/mt.
USD = JPY 107.79 (Jun 27)
USD = JPY 108.56 (Jul 5)
USD = JPY 108.28 (Jul 23)