Tag: Japan: Tokyo Steel cuts scrap procurement prices by JPY 500/t ($3/t) at three plants

Tokyo Steel has adjusted scrap procurement prices for the first time this month, effective 3 Jun’25. Prices were reduced by up to JPY 500/t ($3/t) at the Kyushu, Takamatsu and Okayama plants, while they remained unchanged at the rest. Post-revision, H2 scrap prices were as follows: Kyushu: JPY 40,000/t ($280/t). Takamatsu: JPY 38,500/t ($270/t). Okayama:…