Japan’s Tokyo Steel lowers scrap buy price by $8/t

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Tokyo Steel, Japan’s largest EAF steelmaker, has cut its scrap purchase prices for the third time this week.
The company has cut bids by JPY 1,000/t ($8/t) for all steelworks effective 10 Jun’22.
Post revision, the bid prices for H2 scrap are at JPY 56,000/t ($419/t) delivered to the Tahara plant, while bids for Utsunomiya plant were at JPY 55,500/t ($415/t).

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