Japan: Tokyo Steel cuts scrap purchase price again for all 5 works

Tokyo Steel has cut its scrap purchase-price by JPY1000/t ($9/t) for Utsunomiya and Tahara works and by JPY500/t ($5/t) for other 3 works. They’ll pay JPY23,500/t ($218/t) for H2-scrap to Tahara and Utsunomiya and JPY24,000/t for Okayama plant, with Okayama price being higher than both Tahara and Utsunomiya for first time since Oct’18.