Even though signs of an uptrend have started to be visible in ex-Japan scrap export prices, local prices are still at a premium to prices overseas. Accordingly, the main EAF-based steel producer in Japan, Tokyo Steel has decided not to miss the opportunity to lower its production costs. On January 12, the company has decreased purchase prices for H2 and shindachi scrap for its Utsunomiya plant by JPY 500/mt ($4.3/mt). However, for its other plants the company has left prices unchanged.
Despite the revision, Tokyo Steel’s new price levels for H2 scrap have remained in the range of JPY 51,000-54,000/mt ($442-468/mt), while for shindachi scrap they are at JPY 53,500-57,500/mt ($464-498/mt). All prices are delivered and effective from January 13.
|
Plant |
H2 |
Shindachi |
||
|
Price (JPY/mt) |
Price change (JPY /mt) |
Price (JPY/mt) |
Price change (JPY/mt) |
|
|
Tahara |
53,500 |
0 |
57,500 |
0 |
|
Okayama |
54,000 |
0 |
57,500 |
0 |
|
Kyushu |
54,000 |
0 |
56,000 |
0 |
|
Utsunomiya |
53,000 |
-500 |
55,000 |
-500 |
|
Takamatsu |
51,000 |
0 |
53,500 |
0 |
$1 = JPY 115.39