Japan: Tokyo Steel’s scrap purchase prices hit nearly 10-month low

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Tokyo Steel has reduced scrap purchase prices to a nearly 10-month low this week following low bids fetched in Kanto scrap export tender.
The company has reduced bids by up to JPY 2,000/t ($14/t) for all its plants, effective 16 Jul.
After adjustment, bid prices for H2 scrap are at JPY 48,000/t ($346/t) supplied to the Tahara plant and JPY 46,500/t ($336/t) delivered to the Utsunomiya works.

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