On June 20, SteelOrbis reported H2 scrap prices at Tokyo Steel’s Okayama site near JPY 27,000/mt ($252/mt), the Tahara site at JPY 28,100/mt ($262/mt), and the Utsunomiya site at JPY 27,900/mt ($260/mt), all prices delivered to customer.
Sources now inform SteelOrbis that prices at the Okayama site are reportedly near JPY 26,500/mt ($247/mt), the Tahara site at JPY 27,300/mt ($255/mt), and the Utsunomiya site at JPY 27,000/mt ($252/mt), all prices delivered to customer. Compared to earlier in the week, scrap buying prices decreased $5/mt at Okayama, decreased $7/mt at Tahara, and decreased $8/mt at Utsunomiya.
This change by the largest EAF is expected to place further pressure on general domestic scrap prices in Japan.
USD = JPY 107.27 (June 20)
USD = JPY 107.11 (June 25)