Tag: Japan: Tokyo Steel to cut scrap buy prices by $7/t post-Kanto tender

Tokyo Steel, a leading Japanese mill, has opted to slash its prices for domestic ferrous scrap by JPY 1,000/t ($7/t), effective 13 Mar’24. As a result, the new price for H2 scrap at the Tahara, Okayama, and Utsunomiya plants is approximately JPY 51,500/t ($349/t). This adjustment marks the second price drop in March just after…