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

Weak export sentiment pressures domestic scrap market Other Tokyo Steel plant prices remain unchanged Tokyo Steel reduced its scrap purchase price at the Kyushu plant by JPY 500/t ($3/t) to JPY 53,500/t ($331/t), effective 24 June, while maintaining unchanged buying prices across its other facilities. The price cut reflects weaker export market sentiment, declining H2…