Japan’s leading EAF mini-mill, Tokyo Steel has lowered its scrap purchase price by JPY 500/MT (USD 5) at three of its works, while keeping its purchase price unchanged at the remaining two plants for now, as per the latest price circular released.
The company has today made its second price revision in purchase price for the month of April’20, after keeping its price unchanged for almost two weeks before this. The new prices for all grades shall be effective from today (24th April’20).
After the said price cut, the company will pay JPY 19,000 /MT (USD 176) for H2 scrap delivered at the Tahara plant in the central region, while for Okayama plant and Takamatsu Steel Center the new price set at JPY 18,000/MT (USD 167) and JPY 17000 /MT (USD 158) respectively.
For H2 delivered to Kyushu works in the western region, the price remained at JPY 17,500 /MT (USD 163), whereas for Utsunomiya works located in the Kanto region the price continued at JPY 18,500/MT (USD 172).
Tokyo Steel Ferrous Scrap Purchase Price from 24th April 2020
| Name of Work of Tokyo Steel | |||||
| Scrap Grade | Tahara Plant | Okayama Plant | Kyushu Factory | Utsunomiya Factory | Takamatsu Steel Center |
| Special Class (H2) | 19,000 | 18,000 | 17,500 | 18,500 | 17,000 |
| First Grade | 18,500 | 17,500 | 17,000 | 18,500 | 16,500 |
| Second Grade | 17,000 | 16,000 | 15,500 | 17,000 | 15,000 |
| New Breaking Press A | 21,000 | 19,000 | 19,000 | 20,500 | 18,000 |
| Shredder A | 20,500 | 18,500 | 18,000 | 19,000 | 17,500 |
| Shredder C | 20,000 | 18,000 | 17,500 | 18,500 | 17,000 |
Price in JPY
Source: Tokyo Steel Reports
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