Tag: Japan Tokyo steel scrap purchase price

Tokyo Steel has cut scrap buying prices again in May’22. The company reduced bids by JPY 1,500/t ($11/t) for all its steelworks effective from 12 May. Post-revision, the company’s bid price for H2 scrap stands at JPY 63,000/t ($484/t) delivered to Tahara, while prices for Utsunomiya are at JPY 64,000/t ($492/t). The inconclusive Kanto scrap…