Tokyo Steel lowers purchase scrap prices for Utsunomiya plant

Thursday, 02 September 2021 15:41:04 (GMT+3)   |   Istanbul
       

The bearish sentiments which have recently been prevailing in the global raw material markets have continued to weigh on Japanese steelmaker Tokyo Steel’s approach to its scrap purchase prices.

Accordingly, this time the company has announced a JPY 500/mt ($4.5/mt) decrease in its purchase prices for H2 and shindachi scrap at its Utsunomiya plant to JPY 47,500/mt ($432/mt) and JPY 49,500/mt ($450/mt), respectively.

Nevertheless, following the adjustments, the general range of company's purchase prices for H2 scrap has remained unchanged at JPY 47,000-49,500/mt ($427-450/mt), with the highest price valid for the Okayama plant and the lowest for the Takamatsu mill. Concurrently, shindachi scrap prices have remained at JPY 49,500-54,000/mt ($450-491/mt). All prices are delivered and effective from September 3.

Plant

H2

Shindachi

Price (JPY/mt)

Price change (JPY /mt)

Price (JPY/mt)

Price change (JPY/mt)

Tahara

48,000

0

54,000

0

Okayama

49,500

0

53,000

0

Kyushu

48,000

0

50,000

0

Utsunomiya

47,500

-500

49,500

-500

Takamatsu

47,000

0

49,500

0


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