Japan’s leading steel producer Tokyo Steel Manufacturing has increased its buying prices for all grades of ferrous scrap up to USD 9/MT (Yen 1,000) delivered to all its works again on 15 Sept’17. New prices would be effective from 16 Sept’17.Prior to this, it had raised prices on 12 Sept’17.
As per sources, another tender held in Kansai (west Japan) fetched prices around Yen 32,280/MT, FAS. This is higher than the price fetched in this month’s Kanto Tetsugen tender.
Japan’s monthly ferrous scrap export tender Kanto Tetsugen concluded on 12 Sept’17 for this month fetched bids higher by USD 6/MT M-o-M in Sept’17.The winning bid concluded at Yen 32,230/MT (USD 290) compared to Yen 31,606/MT in Aug’17.
The largest work Tahara in central Japan now fetches Yen 33,000/MT for H2 as the rise of Yen 500/MT (USD 4.5) in the prices for all grades of scrap seen against the previous prices for the same plant for both sea and on land route.
The prices for all grades of scrap delivered to its Kyushu works and Okayama works in western Japan and at Takamatsu Steel Center registered increment of USD 9/MT (Yen 1000) thus H2 delivered now fetches Yen 31,000/MT at both Kyushu works and Okayama works while H2 prices at Takamatsu Steel Center accessed at Yen 30,500 /MT as per new revision.
Tokyo Steel’s prices for all grades of scrap delivered to its Utsunomiya works in north of Tokyo remain unchanged, continuing H2 grade scrap’s ‘on land’ prices at Yen 33,000/MT (USD 300 /MT) right now at Utsunomiya work.
Tokyo Steel’s scrap purchase prices with effective from 16 Sept’17 –
| Scrap Grade | Name of Work of Tokyo Steel | ||||
| Tahara Plant | Okayama Plant | Kyushu Factory | Utsunomiya Factory | Takamatsu Steel Center | |
| Special Class | 33,000 | 31,000 | 31,000 | 33,000 | 30,500 |
| First Grade | 32,500 | 30,500 | 30,500 | 33,000 | 30,000 |
| Second Grade | 31,000 | 29,000 | 29,000 | 31,500 | 28,500 |
| Shredder A | 33,500 | 31,500 | 31,500 | 33,500 | 31,000 |
| Shredder C | 33,000 | 31,000 | 31,000 | 33,000 | 30,500 |
Prices in Japanese Yen/MT for transport on land
Source: Tokyo Steel Reports
The company is Japan’s largest producer of H-Beams and top electric-arc steel mill. Its production also devoted to sheet piles, jumbo H-beams, and a variety of flat-steel products. (Hot coils, pickled and oiled coils, galvanized coils, heavy steel plates, etc.)
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