On November 12, SteelOrbis reported Tokyo Steel decreased the purchase price of H2 scrap for the fourth time since late October. The three sites declined prices to JPY 34,000/mt ($299/mt) at the Okayama plant, JPY 33,500/mt ($294/mt) at the Tahara plant, and JPY 34,500/mt ($303/mt) at the Utsunomiya site, all prices delivered to the customer.
Sources inform SteelOrbis that Tokyo Steel has adjusted prices downward yet again by JPY 500/mt and they are now reportedly at JPY 33,500/mt ($297/mt) at the Okayama plant, JPY 33,000/mt ($293/mt) at the Tahara plant, and JPY 34,000/mt ($302/mt) at the Utsunomiya site, all prices delivered to the customer. Due to currency fluctuations, the Okayama plant decreased $2/mt while the Tahara and Utsunomiya plants decreased $1/mt.
USD = JPY 113.82 (Nov 12)
USD = JPY 112.75 (Nov 16)