Japan: Tokyo Steel’s scrap buy prices dip $7/t

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Tokyo Steel, Japan’s largest EAF steelmaker, has reduced scrap purchase prices for the fourth time this week.
The company has slashed bids by JPY 1,000/t ($7/t) for one of its steelworks, effective 2 Jul’22.
Post revision, bid prices for H2 scrap are at JPY 53,000/t ($393) delivered to Tahara, while prices for other factories remain unchanged.

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