Japan: Tokyo Steel cuts scrap buy price by $4/t

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Tokyo Steel, Japan’s largest EAF steelmaker, has lowered its scrap purchase prices for the first time this month.
The company has cut bids by JPY 500/t ($4/t) for the Utsunomiya steelworks and Nagoya yard, effective 7 Jun’22.
Post-revision, the bid prices for H2 scrap are at JPY 57,000/t ($436/t) delivered to plant and yard.

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