Japan: Tokyo Steel cuts scrap purchase prices by $8/t

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Tokyo Steel, Japan’s largest EAF steelmaker, has lowered scrap purchase prices for the second time this week.
The company has cut bids by JPY 1,000/t ($8/t) for four of its steelworks effective 9 Jul’22.
After the revision, bid prices for H2 scrap are at JPY 51,000/t ($/t) delivered to Tahara, while prices for Utsunomiya remained unchanged.

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