Japan: Tokyo Steel trims scrap buy prices by $7/t

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Tokyo Steel, Japan’s largest EAF steelmaker, has lowered scrap purchase prices for the third time this week.
The company has slashed bids by JPY 1,000/t ($7/t) for four of its steelworks, effective 30 Jun’22.
Post revision, the bid prices for H2 scrap are at JPY 51,000/t ($375) delivered to Utsunomiya, while prices for Tahara remained unchanged at JPY 54,000/t ($397).

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