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

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Japan’s major EAF steelmaker, Tokyo Steel, has further lowered scrap buy prices after the November Kanto tender failed.
The company has cut H2 grade bids by JPY 500/t ($4/t) for four of its plants, effective 12 Nov.
Post-revision, prices of H2 scrap stand at JPY 48,000/t ($339/t) delivered to Tahara factory and JPY 48,500/t ($343/t) to Utsunomiya plant, excluding Takamatsu works.

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