- Tokyo Steel has reduced scrap purchase prices for the first time this week after bids for Kanto scrap export tender dropped.
- The company has reduced bids by up to JPY 2,500/t ($18/t) for all of its plants, effective 23 July.
- After adjustment, bid prices for H2 scrap are at JPY 46,000/t ($334/t) supplied to the Tahara plant and JPY 44,500/t ($323/t) delivered to the Utsunomiya works.
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