Tag: japan tokyo steel scrap price

Japan: Tokyo Steel hikes scrap purchase prices by $22/t after consecutive cuts

Dec 13, 2022

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by

Anshuman

in Melting Scrap

Japan’s major EAF steelmaker, Tokyo Steel, resumed purchase price hike for the first time this week after cutting prices consecutively for more than one month. The company reduced H2 grade bids by JPY 3,000/t ($22/t) for all plants, effective 14 Dec’22. After the final revision, prices of H2 scrap stand at JPY 49,000/t ($356/t) delivered…