Tag: Japan Tokyo steel scrap purchase price

Tokyo Steel, Japan’s largest EAF steelmaker, has lowered scrap buying bids by JPY 1,000/t ($8/t) for all steelworks effective from 17 May. Post-revision, the bid price for H2 scrap is at JPY 61,000/t ($472/t) delivered to Tahara, while prices for Utsunomiya are at JPY 62,000/t ($479/t). Volatility in global scrap prices and the Kanto scrap…