Tag: Japan: Tokyo Steel to cut scrap procurement prices by $3/t

Japan: Tokyo Steel to cut scrap procurement prices by $3/t

Jul 25, 2024

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by

Manya Dewangan

in Melting Scrap

Tokyo Steel to cut domestic ferrous scrap prices by JPY 500/t ($3/t) effective 26 Jul’24, with new prices at Tahara, Utsunomiya, and Okayama plants at JPY 50,500/t ($332/t), JPY 51,500/t ($338/t), and JPY 49,500/t ($325/t) respectively. The JPY’s rapid recovery and expectations of a Fed rate cut have influenced this decision followed by a less…