Tokyo Steel, the main EAF-based steel producer in Japan, has continued to revise scrap purchase prices for its plants. Specifically, the company has announced a decrease in its price for H2 scrap at Tahara by JPY 500/mt ($4.5/mt) to JPY 49,500/mt ($451/mt). However, prices for the steel producer’s remaining plants have remained unchanged at JPY 49,000-50,500/mt ($447-460/mt), with the higher end valid for its Okayama plant. All prices are delivered and effective from August 3.
As SteelOrbis reported earlier, the reference prices for ex-Japan H2 scrap have been set at JPY 47,000-48,000/mt ($428-438/mt) FOB.