Tag: Japan: Tokyo Steel cuts H2 scrap purchase prices by JPY 500/t ($3/t)

Softer Japan-origin H2 export offers pressured market Buyers anticipated further declines in scrap prices Tokyo Steel, Japan’s largest electric arc furnace (EAF) steelmaker, reduced its H2 scrap purchase prices by JPY 500/t ($3/t) at all plants except Tahara, effective 18 July, reflecting softer domestic and export market sentiment. The revision followed weaker demand from Vietnam,…