Tag: japan tokyo steel scrap price

Japan: Tokyo Steel cuts scrap buy prices by $8/t for all works

May 25, 2022

—

by

Deepika Singh

in Melting Scrap

Tokyo Steel, Japan’s largest EAF steelmaker, reduced its scrap purchase prices for the seventh time this month due to the absence of firm overseas bids. The company cut buying bids by JPY 1,000/t ($8/t) for all steelworks, effective from 26 May. Post-revision, the bid prices for H2 scrap are at JPY 58,000/t ($456/t) delivered to…