Japan: Tokyo Steel increases scrap buy prices by $15/t

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Japan’s major EAF steelmaker Tokyo Steel has increased scrap procurement prices for the second time this week.
The company increased bids for H2 scrap by JPY 2,000/t ($15/t) for all of its plants, effective 1 Sept.
After the adjustment, bid prices for H2 scrap are at JPY 48,500/t ($350/t) delivered to the Tahara plant, while prices for the Utsunomiya plant are at JPY 48,000/t ($346/t).

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