Intel Details

Japan: Tokyo Steel reduces scrap purchase price by up to $9/t

Melting Scrap
19 Jul 2021, 14:43 IST
Steel Mint Intel

  • Japan's leading EAF steel mill, Tokyo Steel, has announced its second revision in regard to scrap buying on 19 Jul'21, effective from 20 Jul.
  • The company has decreased prices by JPY 500-1,000/t ($5-9) for four of its steelworks, excluding the Utsunomiya plant.
  • After the revision, the company would pay a bid price for H2 scrap at JPY 50,000/t ($455) for the Tahara works.
  • However, the price stays stable for the Utsunomiya plant at JPY 49,000/t ($446).

19 Jul 2021, 14:43 IST
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