Japan: Tokyo Steel trims scrap buy prices for H2 scrap by $4/t

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Tokyo Steel, Japan’s largest EAF steelmaker, has lowered scrap purchase prices for the first time this week.
The company has slashed bids by JPY 1,000/t ($4/t) for one of its steelworks, effective 28 Jun’22.
Post-revision, the bid prices for H2 scrap are at JPY 52,000/t ($385/t) delivered to the Utsunomiya works. Prices for rest of the factories remain unchanged.

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