The major EAF-based steel producer in Japan, Tokyo Steel, has announced a JPY 500-1,000/mt cut for its local procurement scrap prices, except at its Tahara and Nagoya yards. This is the third downward adjustment made by the mill this week. As of today, June 29, the total downward revision has reached to JPY 2,000/mt for all plants except Tahara and Nagoya. Tokyo Steel has made no changes yet in scrap procurement prices at these locations.
With this new announcement, Tokyo Steel’s prices for H2 scrap have declined by JPY 500/mt on the lower end as compared to the price levels shared by SteelOrbis on June 28, to JPY 51,000-54,000/mt ($376-398/mt) depending on the mill. The dollar-based prices have decreased by $3/mt on the lower end and moved sideways on the upper end, which is still represented by the Tahara plant.
Following the price adjustments, the shindachi scrap price range of Tokyo Steel has decreased by JPY 1,000/mt on the lower end to the range of JPY 53,000-57,000/mt ($391-420/mt). Again, prices on US dollar basis have indicated a $7/mt fall on the lower end but remained stable on the upper end. All prices are delivered and effective from June 30.
|
Plant |
H2 |
Shindachi |
||
|
Price (JPY/mt) |
Price change (JPY /mt) |
Price (JPY/mt) |
Price change (JPY/mt) |
|
|
Tahara |
54,000 |
0 |
57,000 |
0 |
|
Nagoya |
53,500 |
0 |
- |
0 |
|
Okayama |
52,000 |
-1,000 |
55,000 |
-1,000 |
|
Kyushu |
52,000 |
-1,000 |
54,000 |
-1,000 |
|
Utsunomiya |
51,000 |
-1,000 |
53,000 |
-1,000 |
|
Takamatsu |
51,000 |
-500 |
53,500 |
-1,000 |
$1 = JPY 135.69