Japan: Tokyo Steel hikes scrap purchase prices by $22/t after consecutive cuts

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Japan’s major EAF steelmaker, Tokyo Steel, resumed purchase price hike for the first time this week after cutting prices consecutively for more than one month.
The company reduced H2 grade bids by JPY 3,000/t ($22/t) for all plants, effective 14 Dec’22.
After the final revision, prices of H2 scrap stand at JPY 49,000/t ($356/t) delivered to the Tahara works, Utsunomiya, and Okayama plants.

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