Japan: Tokyo Steel lowers scrap price for two major works by JPY 500 ($5)

Japan’s leading EAF mill – Tokyo Steel has today announced another scrap purchase price cut for two major works by JPY 500 ($5). The company would pay JPY 41,500 ($380) and JPY 41,000 ($370) for H2 scrap delivered at Tahara and Utsunomiya respectively. H2 scrap prices in its Tahara work have come down to similar levels seen in early Mar’21.