Japan: Tokyo Steel cuts scrap purchase prices by $11/t

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Tokyo Steel, Japan’s largest EAF steelmaker, reduced scrap purchase prices this week following low bids fetched in Kanto scrap export tender.
The company has reduced bids by JPY 1,500/t ($11/t) for all its plants, effective 13 July.
After adjustment, bid prices for H2 scrap are at JPY 49,500/t ($361/t) supplied to Tahara plant and JPY 48,500/t ($353/t) delivered to Utsunomiya works.

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