Tokyo Steel has recently announced a reduction in its domestic ferrous scrap procurement prices, effective from 2 Aug’24. The company has lowered prices by JPY 1,000/t ($7/t) at its Tahara and Utsunomiya plants, setting the new price for H2 at JPY 49,500/t ($330/t) and JPY 50,000/t ($334/t), respectively. At the Okayama plant, prices dropped by JPY 500/t, bringing the new price to JPY 48,500/t ($324/t).
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