Japan: Tokyo Steel cuts scrap purchase price by $5/t for Utsunomiya plant

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Japan’s leading EAF steel mill, Tokyo Steel, has cut back scrap purchase prices for the second time in Sept’21.
The company has decreased prices by JPY 500/t ($5) for the Utsunomiya steelworks, effective from 9 Sept. However, prices for the company’s four other steelworks remain stable.
After the recent revision, the company would pay a bid price for H2 scrap at JPY 47,000/t ($426) for the Utsunomiya plant.

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