Japan: Tokyo steel cuts scrap purchase price by up to $10/t

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Japan’s leading EAF steel mill, Tokyo Steel has reduced scrap purchase prices for the third time in Aug’21 today.
The company has decreased prices by JPY 500-1,000/t ($5-10) for two of its steelworks, not including the Utsunomiya plant.
After today’s revision, the company would pay a bid price for H2 scrap at JPY 48,500/t ($442) for the Tahara works.

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