Japan: Tokyo Steel cuts scrap buy prices by upto $12/t

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Tokyo Steel, Japan’s largest EAF steelmaker, lowered its scrap purchase prices for the second time this week due to weak sentiments.
The company cut buying bids by JPY 1,000/t ($8/t) for four steelworks and JPY 1,500/t ($12/t) for Utsunomiya works, effective from 19 May.
Post-revision, the bid prices for H2 scrap is at JPY 60,000/t ($464/t) delivered to Tahara, while prices for Utsunomiya are at JPY 60,500/t ($468/t).

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