The leading Japanese EAF-based steel producer Tokyo Steel has made consecutive announcements on December 25-26, first cutting its prices slightly for Tahara and Okayama regions, then suspending local scrap procurement activities in Takamatsu plant.
The general price range for H2 grade scrap is now at JPY 44,000-44,500/mt ($281-284/mt) depending on the mill. Kyushu and Tokyo Bay plants are still representing the upper end of the general price range. Including the changes in the exchange rates, the dollar-based quotations have moved up by $27/mt on the lower end down by $2/mt as compared to the levels announced on December 8.
On the other hand, Tokyo Steel’s shindachi scrap prices are now in the range of JPY 45,000-47,000/mt ($287-300/mt) delivered. On dollar basis, lower end of the prices increased by $27/mt, while the upper end moved down by $2/mt on the upper end. The prices shared in the table below are effective as of December 27.
| Plant | H2 scrap | Shindachi | ||
| Price (JPY/mt) | Price change (JPY/mt) | Price change (JPY/mt) | Price change (JPY/mt) | |
| Tahara | 44,000 | -500 | 46,500 | 0 |
| Nagoya | 44,000 | 0 | - | |
| Okayama | 44,000 | -500 | 45,000 | -500 |
| Kansai | 44,000 | 0 | - | |
| Takamatsu | Suspended | Suspended | ||
| Kyushu | 44,500 | 0 | 45,500 | 0 |
| Utsunomiya | 43,500 | 0 | 45,500 | 0 |
| Tokyo Bay | 44,500 | 0 | 47,000 | 0 |
$1 = JPY 156.40
