Japan: Tokyo Steel cuts scrap buy prices by $8/t for all works

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Tokyo Steel, Japan’s largest EAF steelmaker, reduced its scrap purchase prices for the seventh time this month due to the absence of firm overseas bids.
The company cut buying bids by JPY 1,000/t ($8/t) for all steelworks, effective from 26 May.
Post-revision, the bid prices for H2 scrap are at JPY 58,000/t ($456/t) delivered to Tahara, while prices for Utsunomiya are at JPY 58,500/t ($460/t).

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