Japan: Tokyo Steel further cuts scrap procurement prices by up to JPY 1,500/t ($11/t)

Tokyo Steel has cut domestic scrap procurement prices for the sixth consecutive time in September, effective from 12 Sep’24. The total reduction amounts to JPY 3,000/t ($21/t) across most regions, except for Utsunomiya, where the drop is JPY 3,500/t ($25/t).

• Tahara, Okayama, Kansai, and Kyushu plants: JPY 43,000/t ($304/t),(-JPY 1,000/t).
• Takamatsu plant: JPY 42,000/t ($297/t),(-JPY 1,000/t).
• Utsunomiya plants: JPY 41,500/t ($293/t),(-JPY 1,500/t).