Japan: Tokyo Steel revises scrap buy price for Utsunomiya works

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Tokyo Steel, Japan’s largest EAF steelmaker, has reduced its scrap purchase prices for the second time this week.
The company has cut bids by JPY 500/t ($4/t) for the Utsunomiya steelworks effective 9 Jun’22. Prices for all the other plants and yards remain unchanged.
Post revision, the bid prices for H2 scrap are at JPY 56,500/t ($423/t) delivered to plants.

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