Tag: summer maintenance

Electric arc furnace (EAF) manufacturers in Japan’s Kanto region reduced scrap procurement prices by JPY 500/t ($3/t), bringing H2 prices to JPY 45,000/t ($307/t). Tokyo Steel’s Utsunomiya plant led this move during its summer maintenance, pushing prices to a two-year low. Market participants noted that the decline was unrelated to currency fluctuations or global market…