Tag: Japan Tokyo steel scrap purchase price

Tokyo Steel, Japan’s largest EAF steelmaker, lowered its scrap purchase prices for the second time this week due to weak sentiments. The company cut buying bids by JPY 1,000/t ($8/t) for four steelworks and JPY 1,500/t ($12/t) for Utsunomiya works, effective from 19 May. Post-revision, the bid prices for H2 scrap is at JPY 60,000/t…