Tag: Japan: Tokyo Steel cuts H2 scrap purchase prices by JPY 1

Japan: Tokyo Steel cuts H2 scrap purchase prices by JPY 1,000/t ($6/t)

Jul 9, 2026

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by

Ramavath Mounika

in Melting Scrap

Export weakness, weaker yen pressure domestic scrap prices Prices unchanged at Tahara yard amid stronger procurement needs Tokyo Steel, Japan’s largest electric arc furnace (EAF) steelmaker, reduced its H2 scrap purchase prices by JPY 1,000/t ($6/t) at all plants except Tahara, effective 10 July. Following the revision, H2 buying prices now stand at JPY 52,000-53,000/t…