Having seen certain signs of a price rebound in the scrap segment, stemming chiefly from higher export deal prices, in particular, in Vietnam and Taiwan, the main EAF-based steel producer in Japan, Tokyo Steel, has decided to adjust its purchase scrap prices upwards in order to obtain material.
Accordingly, on September 14, the company increased its purchase prices for H2 scrap at its Okayama and Kuyshu plants by JPY 1,000/mt ($9/mt) to JPY 50,500/mt ($459/mt) and JPY 49,000/mt ($445/mt), respectively. Concurrently, the price for H2 at the Takamatsu plant has been increased by JPY 500/mt ($4.5/mt) to JPY 47,500/mt ($432mt). Scrap prices at the Tahara and Utsunomiya plants have remained unchanged, at JPY 48,000/mt ($436mt) and JPY 47,000/mt ($427mt), respectively.
Meanwhile, the company has revised its scrap purchase prices for shindachi scrap likewise. The prices at the Tahara and Kyushu plants have increased by JPY 1,000/mt ($9/mt) to JPY 54,000/mt ($491mt) and to JPY 51,000/mt ($464mt), respectively. The price for shindachi scrap at Takamatsu has been settled at JPY 50,000/mt ($454.5mt), up JPY 500/mt ($4.5mt) compared to the previous levels. All prices are delivered and effective from September 15.
Meanwhile, SteelOrbis’ assessment for ex-Japan H2 scrap has remained unchanged week on week at JPY 45,000-47,000/mt ($409-427/mt) FOB, as no fresh deals have been concluded yet, though South Korean steelmaker Hyundai Steel has attempted to decrease its H2 purchase price to 43,500/mt ($395/mt) FOB lately.
|
Plant |
H2 |
Shindachi |
||
|
Price (JPY/mt) |
Price change (JPY /mt) |
Price (JPY/mt) |
Price change (JPY/mt) |
|
|
Tahara |
48,000 |
0 |
54,000 |
+1,000 |
|
Okayama |
50,500 |
+1,000 |
54,000 |
0 |
|
Kyushu |
49,000 |
+1,000 |
51,000 |
+1,000 |
|
Utsunomiya |
47,000 |
0 |
49,000 |
0 |
|
Takamatsu |
47,500 |
+500 |
50,000 |
+500 |