The leading Japanese EAF-based steel producer Tokyo Steel has announced a cut in its shindachi scrap procurement prices at its Tokyo Bay yard, leaving prices in all other regions stable. As the Japanese yen has regained some strength against the US dollar, dollar-based quotations have increased by around $3-4/mt, with the only price decline observed for Tokyo Bay.
The general price range for H2 grade scrap has remained stable at JPY 39,500-44,500/mt ($254-286/mt) depending on the mill. The Takamatsu region still represents the lower end of the general prices range, with the Tahara, Okayama, Kyushu and Tokyo Bay plants still representing the upper end. Including the changes in the exchange rates, the dollar-based prices have moved up by $3/mt on the lower end and by $4/mt on the upper end as compared to the levels announced on November 20.
On the other hand, Tokyo Steel’s shindachi scrap prices have decreased on the upper end by JPY 1,000/mt to JPY 40,500-47,000/mt ($260-302/mt) delivered. On dollar basis, the lower end of prices has increased by $3/mt and the upper end has decreased by $3/mt. The prices shared in the table below are effective as of December 9.
| Plant | H2 scrap | Shindachi | ||
| Price (JPY/mt) | Price change (JPY/mt) | Price change (JPY/mt) | Price change (JPY/mt) | |
| Tahara | 44,500 | 0 | 46,500 | 0 |
| Nagoya | 44,000 | 0 | - | |
| Okayama | 44,500 | 0 | 45,500 | 0 |
| Kansai | 44,000 | 0 | - | |
| Takamatsu | 39,500 | 0 | 40,500 | 0 |
| Kyushu | 44,500 | 0 | 45,500 | 0 |
| Utsunomiya | 43,500 | 0 | 45,000 | 0 |
| Tokyo Bay | 44,500 | 0 | 47,000 | -1,000 |
$1 = JPY 155.51
