Tokyo Steel, the main EAF-based steel producer in Japan, has announced a scrap purchase price decrease for two out of five of its assets on March 18, two days after the producer cut prices for another two plants.
The prices for H2 at the Tahara Works and the Utsunomiya plant have gone down by JPY 500/mt ($4.6/mt) to JPY 41,500/mt ($381/mt) and JPY 41,000/mt ($376/mt) respectively. Prices have been rolled over at the other three assets - Okayama, Kyushu and Takamatsu. All prices are delivered and effective from March 19.
The SteelOrbis reference price for ex-Japan H2 scrap is staying at JPY 41,000-43,000/mt ($376-394/mt) FOB, after declining by JPY 1,000/mt ($9/mt) earlier this week.