Tag: Japan Tokyo steel scrap purchase price

Tokyo Steel, Japan’s largest EAF steelmaker, has lowered its scrap purchase prices for the first time this month. The company has cut bids by JPY 500/t ($4/t) for the Utsunomiya steelworks and Nagoya yard, effective 7 Jun’22. Post-revision, the bid prices for H2 scrap are at JPY 57,000/t ($436/t) delivered to plant and yard.