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

 Export offers remain supported by weaker yen Other Tokyo Steel plant prices remain unchanged Tokyo Steel reduced its scrap purchase price at its Tokyo Bay plant by JPY 500/t ($3/t) to JPY 53,500/t ($331/t), effective 26 June, while maintaining prices at its other facilities. The move reflects softer scrap collection trends and cautious steel demand,…