Tag: Japan: Tokyo Steel cuts ferrous scrap purchase prices by JPY 500/t ($3/t)

Tokyo Steel, Japan’s leading EAF steel producer, has announced a reduction in domestic ferrous scrap prices by JPY 500/t ($3/t) effective from 6 June, 2024. As a result, the new prices for H2 scrap are: JPY 51,000/t ($327/t) at the Okayama plant. JPY 51,000/t ($327/t) at the Kyushu plant. JPY 50,000/t ($320/t) at the Takamatsu…