As per new price circular released, Japan’s leading EAF mini-mill- Tokyo Steel has further lowered its domestic scrap purchase price by JPY 500/MT (USD 5) at Utsunomiya plant while, keeping the price unchanged for Tahara & Kyushu plant. New prices for all grades shall be effective from tomorrow (31st Aug 19).
As per new prices, company will pay JPY 26,000/MT (USD 245) for Utsunomiya plant against JPY 26,500/MT assessment of 29 Aug’19.*
However, the company remains price unchanged at JPY 25500/MT (USD 225) delivered at its central region based Tahara plant and JPY 24500/MT (USD230) delivered at western region based Kyushu works.
Hyundai Steel books bulk Japanese scrap vessel – If sources are to be believed, Hyundai Steel reported to have booked bulk vessel for Japanese scrap comprising around 50,000 MT last week at Yen 27,000/MT FoB. However, the company likely to cut bids for Japanese H2 scrap in coming days following declining domestic scrap prices.
| Name of Work of Tokyo Steel | |||||
| Scrap Grade | Tahara Plant | Okayama Plant | Kyushu Factory | Utsunomiya Factory* | Takamatsu Steel Center |
| Special Class (H2) | 25,500 | 23,500 | 24,500 | 26,000 | 22,000 |
| First Grade | 25,000 | 23,000 | 24,000 | 26,000 | 26,500 |
| Second Grade | 25,500 | 21,500 | 22,500 | 24,500 | 20,000 |
| New Breaking Press A | 27,000 | 25,500 | 26,500 | 28,000 | 24,500 |
| Shredder A | 27,000 | 24,000 | 25,000 | 26,500 | 22,500 |
| Shredder C | 26,500 | 23,500 | 24,500 | 26,000 | 22,000 |
Prices in Japanese Yen
Source – Tokyo Steel Reports
*correction
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