Japan: Tokyo Steel trims scrap buy prices by $4/t

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Japan’s major EAF steelmaker, Tokyo Steel, has decreased scrap purchase prices for the second time this week.
The company slashed H2 grade bids by JPY 500/t ($4/t) for all its plants, effective 18 Nov’22.
Post revision, prices of H2 scrap stand at JPY 47,000/t ($337/t) delivered to the Tahara works and JPY 47,500/t ($340/t) to the Utsunomiya plant.

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