Tag: Japan: Tokyo Steel raises H2 scrap prices by JPY 500/t amid firmer export market

Export prices, FOB Tokyo Bay, rise JPY 700/t ($4/t) Limited competitively priced cargoes support prices Tokyo Steel, Japan’s largest EAF steelmaker, raised H2 scrap purchase prices by JPY 500/t ($3/t) across all plants, effective 5 October, marking its first price increase in October. Following the revision, H2 buying prices stood at JPY 48,000-50,500/t ($304-320/t) DAP. The…