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 |