According to sources close to the market, Japan-based Tokyo Steel has reduced its domestic scrap buying prices across its various production sites.
Prices have decreased in both domestic currency and in dollar terms. The average price has decreased by JPY 875, but in dollar terms decreased $6/mt.
|
Japan H2 Tokyo Steel |
Tahara JPY/mt |
Utsunomiya JPY/mt |
Okayama JPY/mt |
Takamatsu* JPY/mt |
Avg JPY/mt |
Rate (JPY/$) |
$/mt |
|
Jan 22 |
38,500 |
37,500 |
36,500 |
36,000 |
37,125 |
111.09 |
334 |
|
Feb 1 |
38,000 |
37,000 |
36,000 |
35,500 |
36,625 |
109.59 |
334 |
|
Feb 6 |
37,000 |
36,000 |
35,000 |
35,000 |
35,750 |
109.12 |
328 |