Japan: Tokyo Steel trims scrap buy prices again

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Japan’s leading steel producer, Tokyo Steel, has lowered scrap purchase bids by JPY 500/t ($4) for its Tahara steelworks from 3 Nov’21.
Post-revision, the company’s bid price for H2 scrap stands at JPY 57,500/t ($506) for the Tahara works, while prices for the other plants remain unchanged, as per reports.
Notably, this is the company’s second price revision after the $9/t cut last week.

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