As export demand continues to compete with domestic demand for H2 scrap in the Japanese market, Tokyo Steel has announced an increase in scrap purchase prices at the Tahara and Okayama sites on a delivered basis.
*Assuming a stable Utsunomiya price as SteelOrbis has not received confirmation on JPY 500/mt increase.
|
Japan H2 Tokyo Steel |
Tahara JPY/mt |
Utsunomiya* JPY/mt |
Okayama JPY/mt |
Average JPY/mt |
Rate (JPY/$) |
$/mt |
|
Dec 13 |
37,000 |
36,000 |
35,500 |
36,167 |
112.61 |
321 |
|
Jan 12 |
37,500 |
36,000 |
36,000 |
36,500 |
111.22 |
328 |
|
Jan 16 |
38,500 |
36,000 |
36,500 |
37,000 |
110.66 |
334 |