Tag: Gulf Coast prices

Japan: EAF manufacturers in Kanto region cut scrap procurement prices by $11/t

Sep 18, 2024

—

by

Adarsh Ramteke

in Melting Scrap

Electric arc furnace (EAF) manufacturers in Japan’s Kanto region cut scrap procurement prices by JPY 1,500/t ($11/t), with H2 prices dropping below JPY 40,000/t ($283/t) for the first time in over two years. Tokyo Steel’s Utsunomiya plant and other manufacturers reduced prices due to weakening overseas demand and JPY appreciation. H2 prices now range from…