The major EAF-based steel producer in Japan, Tokyo Steel, has announced another cut in its local procurement scrap prices on June 6, but only for two of its scrap yards, in Nagoya and Utsunomiya. It is observed that the producer’s other purchase prices have remained stable.
Tokyo Steel has cut scrap purchase prices by JPY 500/mt for two of its assets as compared to the prices shared by SteelOrbis on Friday, June 3. Prices for H2 scrap have declined on the upper end to JPY 56,000-57,000/mt ($428-436/mt). But due to the depreciation of the Japanese yen against the US dollar, prices in dollars have declined generally by $3-6/mt. As a result, Utsunomiya does not represent the upper end any more as the procurement prices for this plant are now similar to the prices at the other plants.
The Shindachi scrap price range of Tokyo Steel has remained stable at JPY 58,500-62,000/mt ($447-474/mt). All prices are delivered and effective from June 7.
Plant |
H2 |
Shindachi |
||
Price (JPY/mt) |
Price change (JPY /mt) |
Price (JPY/mt) |
Price change (JPY/mt) |
|
Tahara |
57,000 |
0 |
62,000 |
0 |
Nagoya |
57,000 |
-500 |
- |
- |
Okayama |
57,000 |
0 |
60,500 |
0 |
Kyushu |
57,000 |
0 |
59,000 |
0 |
Utsunomiya |
57,000 |
-500 |
59,000 |
-500 |
Takamatsu |
56,000 |
0 |
58,500 |
0 |
$1 = JPY 130.75
