The leading Japanese EAF-based steel producer Tokyo Steel has announced an upward adjustment for its domestic scrap price for the Okayama region, with a rise of JPY 500/mt. This is the third upward price revision by the Japanese steelmaker since April 9. The total price increase for Okayama has now reached JPY 1,500/mt. The depreciation of the Japanese yen has had an impact on the general price range, causing a drop in dollar-based prices
Despite the increase, the general range for H2 grade scrap prices has remained stable in the range of JPY 37,000-40,500/mt ($247-271/mt) depending on the mill. The scrap purchase price for the Tokyo Bay, Tahara and Kyushu yards represents the upper end of the price range, while Takamatsu still represents the bottom price. Including the changes in the exchange rates, the dollar-based prices have moved down by $2-3/mt as compared to the levels announced on September 20.
Meanwhile, shindachi scrap prices of Tokyo Steel have also moved sideways, at JPY 38,000-42,500/mt ($254-284/mt) delivered, down by $3/mt in US dollars. The prices shared in the table below are effective as of September 27.
| Plant | H2 scrap | Shindachi | ||
| Price (JPY/mt) | Price change (JPY/mt) | Price change (JPY/mt) | Price change (JPY/mt) | |
| Tahara | 40,500 | 0 | 42,500 | 0 |
| Nagoya | 40,000 | 0 | - | - |
| Okayama | 40,500 | +500 | 41,500 | +500 |
| Kansai | 39,500 | 0 | - | - |
| Takamatsu | 37,000 | 38,000 | ||
| Kyushu | 40,500 | 0 | 41,500 | 0 |
| Utsunomiya | 39,500 | 0 | 41,000 | 0 |
| Tokyo Bay | 40,500 | 0 | - | - |
$1 = JPY 149.55
