Tokyo Steel, the main EAF-based steel producer in Japan, has continued to cautiously lower scrap purchase prices for one of its mills, namely the Tahara plant. Even after this second downward revision since last week, its scrap purchase prices at its Tahara plant remain the highest compared to its other mills.
Accordingly, on November 2 the company has announced a JPY 500/mt (around $4.4/mt) decrease in its H2 and shindachi scrap at the abovementioned plant, while for its other mills its prices have remained unchanged. Consequently, Tokyo Steel’s new price levels for H2 scrap stand at JPY 52,000-57,500/mt ($456-505/mt), while for shindachi scrap they are at JPY 54,500-63,500/mt ($478-557/mt). The lower end is still valid for the Takamatsu plant, while the higher end is for the Tahara plant. All prices are delivered and effective from November 3.
|
Plant |
H2 |
Shindachi |
||
|
Price (JPY/mt) |
Price change (JPY /mt) |
Price (JPY/mt) |
Price change (JPY/mt) |
|
|
Tahara |
57,500 |
-500 |
63,500 |
-500 |
|
Okayama |
55,000 |
0 |
58,500 |
0 |
|
Kyushu |
56,000 |
0 |
58,000 |
0 |
|
Utsunomiya |
56,000 |
0 |
58,000 |
0 |
|
Takamatsu |
52,000 |
0 |
54,500 |
0 |