On November 28, SteelOrbis reported Tokyo Steel decreasing H2 scrap purchase prices in the Tahara and Okayama plants to JPY 32,000/mt ($281/mt), all prices delivered to customer. The Utsunomiya plant, which is near Tokyo, retained domestic scrap buying prices stable at JPY 33,500/mt ($295/mt).
SteelOrbis has been informed that Tokyo Steel has again decreased scrap buying prices in early December. Prices are now reportedly at JPY 30,500/mt ($270/mt) at the Tahara site, JPY 29,500/mt ($261/mt) at the Okayama site, and JPY 31,500/mt ($279/mt) at the Utsunomiya plant, all prices delivered to customer. The Tahara plant reportedly decreased its buying prices by $11/mt while the Okayama site decreased by $20/mt. The Utsunomiya plant decreased prices by $16/mt.
USD = JPY 113.72 (Nov 28)
USD = JPY 112.85 (Dec 7)