Japan’s leading EAF mill – Tokyo Steel has again announced a further hike in its scrap purchase price, just four days after its first price hike in five months was witnessed. The purchase bids were hiked by a sharp JPY 500-1000/MT (USD 5-9) at all of its five works and the new prices for all grades shall be effective from tomorrow (27th May’20).
After the said price hike, the company will pay JPY 20,500 /MT (USD 190) for H2 scrap delivered at the Tahara plant in the central region, which has witnessed a hike of JPY 1000/MT, while the other 4 plants were plants observed a JPY 500/MT hike in prices. For Okayama plant and Kyushu works in the western region, the new price is set at JPY 19,000 /MT (USD 176) for H2 scrap.
For H2 delivered to in Utsunomiya works located in the Kanto region and Takamatsu Steel Center the new price will be at JPY 20,000/MT (USD 185) and JPY 18,000/MT (USD 167) respectively.
The successive price hikes in the domestic scrap prices, which have followed the rising export offers trend, indicate an improvement in the local sentiments with increasing demand.
Tokyo Steel Ferrous Scrap Purchase Price from 27th May 2020
| Name of Work of Tokyo Steel | |||||
| Scrap Grade | Tahara Plant | Okayama Plant | Kyushu Factory | Utsunomiya Factory | Takamatsu Steel Center |
| Special Class (H2) | 20,500 | 19,000 | 19,000 | 20,000 | 18,000 |
| First Grade | 20,000 | 18,500 | 18,500 | 20,000 | 17,500 |
| Second Grade | 18,500 | 17,000 | 17,000 | 18,500 | 16,000 |
| New Breaking Press A | 22,500 | 20,000 | 20,500 | 22,000 | 19,000 |
| Shredder A | 22,000 | 19,500 | 19,500 | 20,500 | 18,500 |
| Shredder C | 21,500 | 19,000 | 19,000 | 20,000 | 18,000 |
Price in JPY/MT
Source: Tokyo Steel Reports
Leave a Reply