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

Tokyo Steel has announced a price reduction in domestic ferrous scrap by JPY 500/t ($3/t) for all grades effective 24 Jul’24 except its Utsunomiya plant. Consequently, the new price of ferrous scrap stood at JPY 51,000/t ($327/t) for the Tahara plant and JPY 50,000/t ($321/t) for the Okayama plant. The drop is mainly due to…