- Japan’s leading EAF steel mill Tokyo Steel has announced its scrap purchase price on 23 Jun’21 after a month’s hiatus.
- The company has increased prices by JPY 1,000/t ($9) for its three steelworks-Okayama, Utsunomiya and Takamatsu.
- After today’s revision, the company would pay a bid price for H2 scrap at JPY 49,000/t ($442) for the Utsunomiya works.
- Strong domestic ferrous scrap demand in Japan has resulted in the hike in bids.
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