The main EAF-based steel producer in Japan, Tokyo Steel, has continued to raise its scrap purchase prices, signaling its need to increase scrap flow and reflecting bullish sentiments concerning the near-term prospects for trend in the scrap segment. This time, the company hiked its prices for H2 and also for shindachi scrap by JPY 1,000-3,000/mt (around $9-26/mt).
Accordingly, as a result of the revision on October 18, the company’s purchase prices for H2 scrap reached JPY 52,000-56,000/mt ($455-490/mt). Meanwhile, the new levels for shindachi scrap have been settled at JPY 54,500-62,000/mt ($477-542/mt), with the lowest end valid for the Takamatsu plant and the highest for the Tahara plant. All prices are delivered and effective from October 19.
In the meantime, the SteelOrbis reference price for ex-Japan H2 scrap is currently at JPY 52,000-54,000/mt ($455-472/mt) FOB, as SteelOrbis reported earlier.
|
Plant |
H2 |
Shindachi |
||
|
Price (JPY/mt) |
Price change (JPY /mt) |
Price (JPY/mt) |
Price change (JPY/mt) |
|
|
Tahara |
56,000 |
3,000 |
62,000 |
3,000 |
|
Okayama |
55,000 |
2,000 |
58,500 |
2,000 |
|
Kyushu |
56,000 |
3,000 |
58,000 |
3,000 |
|
Utsunomiya |
54,000 |
1,000 |
56,000 |
1,000 |
|
Takamatsu |
52,000 |
1,000 |
54,500 |
1,000 |