Author: Deepika Singh
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Japan: Tokyo Steel cuts scrap purchase price by $5/t
Japan’s leading EAF steel mill Tokyo Steel has lowered scrap purchase prices for the fourth time in Aug’21. The company has decreased prices by JPY 500/t ($5) for all its five steelworks, effective from 28 Aug’21. After today’s revision, the company would pay a bid price of JPY 48,000/t ($436) for H2 scrap delivered at…