Japan’s Tokyo Steel reduces scrap purchase price for four works except Utsunomiya

Japan’s leading EAF mill – Tokyo Steel has cut its scrap purchase today for four works up to JPY 1,000/t ($9.5). The company would now pay a price of JPY 38,000/t ($362) and JPY 37,500/t ($357) for H2 scrap price delivered at Tahara and Okayama works respectively. However, price for Utsunomiya plant remained unchanged in today’s revision.