Tag: Japan Tokyo steel scrap purchase price

Tokyo Steel, Japan’s largest EAF steelmaker, has announced another price cut for scrap purchases today. Prices have hit a three-month low amidst absence of firm overseas bids. The company cut buy bids by JPY 1,000/t ($8/t) for all steelworks, effective from 20 May. Post revision, the bid prices for H2 scrap is at JPY 59,000/t…