The leading Japanese EAF-based steel producer Tokyo Steel has opened its third satellite scrap yard in Tokyo Bay and announced its first purchase prices for the yard, which will be effective as of June 13. Tokyo Steel had opened two previous satellite yards in Nagoya and Kansai in 2022 and 2024, respectively, to secure scrap tonnages.
Tokyo Steel’s H2 grade scrap quotations in Tokyo Bay yard have been announced at JPY 41,000/mt or $285/mt. As a result, the general range for H2 grade scrap prices has remained at JPY 38,500-41,500/mt ($268-289/mt) depending on the mill. The scrap purchase price for Tahara still represents the upper end of the price range. The dollar-based quotations have declined by a mere $1/mt as compared to the levels mentioned on June 4.
Meanwhile, shindachi scrap prices of Tokyo Steel are also stable, at JPY 39,500-43,500/mt ($275-303/mt) delivered, down by $1/mt in US dollars. The prices shared in the table below are effective as of June 13.
| Plant | H2 scrap | Shindachi | ||
| Price (JPY/mt) | Price change (JPY/mt) | Price change (JPY/mt) | Price change (JPY/mt) | |
| Tahara | 41,500 | 0 | 43,500 | 0 |
| Nagoya | 40,500 | 0 | - | |
| Okayama | 40,500 | 0 | 41,500 | 0 |
| Kansai | 40,500 | 0 | - | |
| Takamatsu | 38,500 | 0 | 39,500 | 0 |
| Kyushu | 39,500 | 0 | 40,500 | |
| Utsunomiya | 40,500 | 0 | 42,000 | 0 |
| Tokyo Bay | 41,000 | - | - | |
$1 = JPY 143.67