The major EAF-based steel producer in Japan, Tokyo Steel, has announced a JPY 1,000-1,500/mt cut for its local procurement scrap prices. Since the market fundamentals have not improved, downward pressure on Japanese scrap prices continues to be observed.
With this new announcement, Tokyo Steel’s prices for H2 scrap have declined by JPY 1,000/mt as compared to the price levels shared by SteelOrbis on July 5, to JPY 49,000-51,000/mt ($361-376/mt) depending on the mill. Dollar-based prices have decreased by $8/mt.
Following the price adjustments, the shindachi scrap price range of Tokyo Steel has decreased JPY 1,000-1,500/mt to the range of JPY 51,500-53,500/mt ($380-395/mt). Prices have indicated a $11/mt decrease on the upper end, while remained stable on the lower end. All prices are delivered and effective from July 9.
|
Plant |
H2 |
Shindachi |
||
|
Price (JPY/mt) |
Price change (JPY /mt) |
Price (JPY/mt) |
Price change (JPY/mt) |
|
|
Tahara |
51,000 |
-1,000 |
53,500 |
-1,500 |
|
Nagoya |
50,500 |
-1,000 |
- |
- |
|
Okayama |
50,000 |
-1,000 |
52,500 |
-1,500 |
|
Kyushu |
50,000 |
-1,000 |
52,000 |
-1,000 |
|
Utsunomiya |
50,000 |
0 |
51,500 |
0 |
|
Takamatsu |
49,000 |
-1,000 |
51,500 |
-1,000 |
$1 = JPY 135.7