As per new price circular released, Japan’s leading EAF steel mini-mill – Tokyo Steel has lowered domestic scrap purchase price by JPY 1000/MT (USD 9) at Tahara works and Kyushu works in Japan. While prices have been lowered by JPY 500/MT at remaining three works, new prices for all grades shall be effective from tomorrow (13th Apr’19).
With a recent price cut, the company will pay JPY 33,000/MT (USD 295) at Tahara in central Japan and Kyushu works in the Western region. While JPY 31,500/MT (USD 281) for H2 delivered to Utsunomiya plant in the Kanto region, JPY 32,000/MT for Okayama plant and JPY 30,500/MT at Takamatsu steel center.
Presently, Japanese H2 scrap market purchase prices are being reported in the range of JPY 31,000-32,000/MT (USD 277-286) in the Kanto region while H2 purchase price in Gulf region is trading at around JPY 31,000-31,500/MT. Participants anticipate that Japanese scrap prices may continue downtrend provided aggressive restocking ahead of Golden week holidays.
Tokyo Steel’s scrap purchase price effective from 13th Apr’19 –
| Scrap Grade | Name of Work of Tokyo Steel | ||||
| Tahara Plant | Okayama Plant | Kyushu Factory | Utsunomiya Factory | Takamatsu Steel Center | |
| Special Class (H2) | 33,000 | 32,000 | 33,000 | 31,500 | 30,500 |
| First Grade | 32,500 | 31,500 | 32,500 | 31,500 | 30,000 |
| Second Grade | 31,000 | 30,000 | 31,000 | 30,000 | 28,500 |
| New Cutting Press A | 38,000 | 34,000 | 35,000 | 35,000 | 32,500 |
| Shredder A | 34,500 | 32,500 | 33,500 | 32,000 | 31,000 |
| Shredder C | 34,000 | 32,000 | 33,000 | 31,500 | 30,500 |
Prices in Japanese Yen/MT for transport on land,
Source: Tokyo Steel Reports
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