The leading Japanese EAF-based steel producer Tokyo Steel has increased its domestic scrap purchase prices by JPY 1,500/mt for its Tahara and Nagoya plants.
Tokyo Steel’s general range for H2 grade scrap price has moved up by JPY 500/mt on the lower to the range of JPY 40,500-43,000/mt ($278-295/mt) depending on the mill. The dollar-based quotations have increased by $12/mt on the lower end and by $9/mt on the upper end as compared to March 26, due to the fluctuation of the Japanese yen against the US dollar.
Despite the adjustment in question, shindachi scrap prices of Tokyo Steel have remained unchanged at JPY 41,500-44,000/mt ($284-301/mt) delivered, up by $8/mt on US dollar basis. The prices shared in the table below are effective as of April 3.
| Plant | H2 scrap | Shindachi | ||
| Price (JPY/mt) | Price change (JPY/mt) | Price change (JPY/mt) | Price change (JPY/mt) | |
| Tahara | 42,000 | +1,500 | 44,000 | +2,500 |
| Nagoya | 40,500 | +1,500 | - | - |
| Okayama | 42,500 | 0 | 43,500 | 0 |
| Kansai | 42,000 | 0 | - | - |
| Takamatsu | 40,500 | 0 | 41,500 | 0 |
| Kyushu | 43,000 | 0 | 44,000 | 0 |
| Utsunomiya | 41,000 | 0 | 42,500 | 0 |
$1 = JPY 145.95