Japan: Tokyo Steel pushes up scrap prices by $4/t for Utsunomiya works

  • Tokyo Steel hiked scrap purchase prices for the third time this month. The company increased bids by $4/t for Utsunomiya works, while prices for the rest of the plants remained the same.
  • Post-revision, the company’s bid price for H2 scrap stands at JPY 66,500/t ($526/t) delivered to Utsunomiya, effective 19 April.
  • Hike in export prices further lifted domestic offers.

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