The first prices increase announced by Tokyo Steel after weeks long downward revisions announced by the steel producer. Tokyo Steel, the leading EAF-based steel producer in Japan announced an increase for local scrap procurement in its Utsunomiya plant, while keeping prices in other regions stable. Utsunomiya is now representing the high end of Tokyo Steel’s domestic scrap purchase quotations.
Tokyo Steel’s general range for H2 grade scrap has increased from the upper end by JPY 2,000/mt to JPY 45,000-49,000/mt depending on the mill. As a result, the dollar-based prices have indicted diverse trends – down by $7/mt on the lower end and up by $3/mt on the upper end to $321-349/mt as compared to the previous levels reported on May 18.
Shindachi scrap prices of Tokyo Steel have also moved up from the upper end by JPY 2,000/mt to JPY 46,500-50,500/mt ($332-360/mt), resulting in $7/mt fall on the lower end and $6/mt increase on the upper end for the dollar-based prices. All the prices in question are delivered and effective as of June 7.
|
Plant |
H2 |
Shindachi |
||
|
Price (JPY/mt) |
Price change (JPY /mt) |
Price (JPY/mt) |
Price change (JPY/mt) |
|
|
Tahara |
47,500 |
0 |
48,500 |
0 |
|
Nagoya |
46,500 |
0 |
- |
- |
|
Okayama |
47,000 |
0 |
48,500 |
0 |
|
Kyushu |
47,500 |
0 |
49,000 |
0 |
|
Utsunomiya |
49,000 |
+2,000 |
50,500 |
+2,000 |
|
Takamatsu |
45,000 |
0 |
46,500 |
0 |
$1 = JPY 140.25