The major EAF-based steel producer in Japan, Tokyo Steel, has announced a JPY 1,000/mt cut for its local procurement scrap prices at its Tahara and Nagoya yards. Although this is the fourth downward adjustment made by the mill this week, the Tahara and Nagoya yards were excluded in the previous round of reductions, and so this latest decrease balances the scrap price reductions made at the company’s different plants.
With this new announcement, Tokyo Steel’s prices for H2 scrap have declined by JPY 1,000/mt on the upper end as compared to the price levels shared by SteelOrbis on June 29, to JPY 51,000-53,000/mt ($376-391/mt) depending on the mill. Dollar-based prices have decreased by $7/mt on the upper end and moved sideways on the lower end, which is still represented by the Tahara plant.
Following the price adjustments, the shindachi scrap price range of Tokyo Steel has decreased JPY 1,000/mt on the upper end to the range of JPY 53,000-56,000/mt ($391-413/mt). Again, prices have indicated a $7/mt fall on the upper end but have remained stable on the lower end. All prices are delivered and effective from July 2.
|
Plant |
H2 |
Shindachi |
||
|
Price (JPY/mt) |
Price change (JPY /mt) |
Price (JPY/mt) |
Price change (JPY/mt) |
|
|
Tahara |
53,000 |
-1,000 |
56,000 |
-1,000 |
|
Nagoya |
52,500 |
-1,000 |
- |
- |
|
Okayama |
52,000 |
0 |
55,000 |
0 |
|
Kyushu |
52,000 |
0 |
54,000 |
0 |
|
Utsunomiya |
51,000 |
0 |
53,000 |
0 |
|
Takamatsu |
51,000 |
0 |
53,500 |
0 |
$1 = JPY 135.5