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

Other plant purchase prices remain unchanged nationwide Stronger yen partly offsets dollar price decline Tokyo Steel, Japan’s largest electric arc furnace (EAF) steelmaker, reduced its H2 scrap purchase price at its Nagoya Satellite plant by JPY 500/t ($3/t) to JPY 53,500/t ($332/t), effective 4 July, while leaving buying prices unchanged at its other procurement yards.…