Tag: Utsunomiya plant

Japan: EAF manufacturers in Kanto cut scrap buying prices as H2 hits 3.5-year low

Sep 30, 2024

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by

Adarsh Ramteke

in Melting Scrap

Electric arc furnace (EAF) manufacturers in Japan’s Kanto cut scrap procurement prices by JPY 500/t ($3/t), with H2 offers dropping below JPY 37,500-39,000/t ($263-274/t), last seen over 3.5 years ago in Feb’21. Tokyo Steel’s Utsunomiya Plant reduced purchase prices of all products by JPY 500/t ($3/t) from 27 Sep’24. The price cuts are attributed to…