On December 3, major Japanese EAF-based steel producer Tokyo Steel has announced a local scrap purchase price increase of JPY 500/mt ($4.6/mt) for one of its assets, Tahara Steelworks, to JPY 24,000/mt ($220/mt) delivered.
The producer’s prices for Takamatsu have stayed at JPY 21,000/mt ($193/mt) delivered and its prices for its Okayama asset are unchanged at JPY 22,000/mt ($202/mt) delivered. Scrap purchase prices for its other two assets are at JPY 24,000-24,500/mt ($220-225/mt) delivered. The new prices will be effective from December 4.
Ex-Japan scrap offers have not changed since last week, remaining at JPY 25,500/mt ($234/mt) FOB, SteelOrbis has learned.
$1 = JPY 108.85