Japan’s leading EAF mill – Tokyo Steel has cut its scrap purchase price today for four works (except Kyushu) by JPY 500/t ($5). The company would pay JPY 42,000/t ($385) and JPY 41,500 ($380) for H2 scrap delivered at Tahara and Utsunomiya works respectively. However, this is the company’s second price cut made so far in Mar’21.
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