The leading Japanese EAF-based steel producer Tokyo Steel has started to buy shindachi scrap for its Tokyo Bay plant.
The producer’s general price range for H2 grade scrap has remained stable at JPY 38,000-43,000/mt ($248-281/mt) depending on the mill. The Takamatsu region still represents the lower end of the general range, while the Tahara, Okayama, Kyushu and Tokyo Bay plants now represent the upper end. Including the changes in the exchange rate, the dollar-based price has moved down by $4/mt as compared to the level announced on October 20.
With the Tokyo Bay plant starting to buy shindachi scrap, the upper end of Tokyo Steel’s shindachi scrap prices has increased by JPY 2,000/mt to JPY 39,000-47,000/mt ($254-307 /mt) delivered. On dollar basis, the lower end of the prices has declined by $5/mt but the upper end has moved up by $8/mt. The prices shared in the table below are effective as of October 25.
| Plant | H2 scrap | Shindachi | ||
| Price (JPY/mt) | Price change (JPY/mt) | Price change (JPY/mt) | Price change (JPY/mt) | |
| Tahara | 43,000 | 0 | 45,000 | 0 |
| Nagoya | 42,500 | 0 | - | |
| Okayama | 43,000 | 0 | 44,000 | 0 |
| Kansai | 42,000 | 0 | - | |
| Takamatsu | 38,000 | 0 | 39,000 | 00 |
| Kyushu | 43,000 | 0 | 44,000 | |
| Utsunomiya | 42,000 | 0 | 43,500 | 0 |
| Tokyo Bay | 43,000 | 0 | 47,000 | |
$1 = JPY 152.95
