Japan: Tokyo Steel trims scrap purchase prices by $4/t

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Tokyo Steel, Japan’s largest EAF steelmaker, has cut scrap purchase prices for the first time this week.
The company has trimmed bids by JPY 500/t ($4/t) for one of its steelworks effective 16 Jun’22.
Post revision, the bid prices for H2 scrap are at JPY 55,000/t ($408/t) delivered to the Utsunomiya plant, while bids for other factories remain unchanged.

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