On February 19, SteelOrbis reported H2 scrap buying prices at three of Japan’s Tokyo Steel sites increasing for the third time in a month. The Okayama site was reportedly at JPY 29,500/mt ($267/mt), the Tahara site at JPY 32,000/mt ($290/mt), and the Utsunomiya site at JPY 32,750/mt ($296/mt), all prices delivered to customer.
Sources inform SteelOrbis that H2 scrap prices increased again, by JPY 500/mt across all three sites. The Okayama site is now reportedly at JPY 30,000/mt ($271/mt), the Tahara site at JPY 32,500/mt ($293/mt), and the Utsunomiya site at JPY 33,250/mt ($300/mt), all prices delivered to customer. The Okayama site price increased $4/mt, while the Tahara site price increased $3/mt and the Utsunomiya site price increased $4/mt.
USD = JPY 110.51 (Feb 19)
USD = JPY 110.78 (Feb 21)