- Tokyo Steel has reduced scrap purchase bids today for the second time this week by JPY 500/t ($4/t) for its two steelworks from 20 Nov’21, as per latest reports.
- Post-revision, the company’s bid price for H2 scrap stands at JPY 55,000/t ($481/t) for the Tahara steelworks, and JPY 54,500/t ($477/t) for the Kyushu works.
- Falling export realisations continue to weigh on domestic Japanese scrap prices.
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