Japan: Tokyo Steel Cuts Scrap Purchase Price at Kyushu Works
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Japan's leading EAF mini-mill, Tokyo Steel has further lowered its scrap purchase price by JPY 500/MT (USD 5) at its Kyushu works, while keeping its bids unchanged for the remaining four works, as per the latest price circular.
The new prices for all grades shall be effective from tomorrow (7th March'20). This is the third successive price cuts observed with a total of around JPY 1500/MT (USD 14) price lowered at its Kyushu works in 10 days.
After the said price cut, the company will pay JPY 18,500/MT (USD 175) for H2 scrap delivered to its Kyushu works in the western region.
For H2 scrap delivered to Tahara plant in the central region, Utsunomiya works located in the Kanto region, Okayama plant and Takamatsu Steel Center the prices remain unchanged at JPY 20,500/MT (USD 194), JPY 19,500/MT (USD 186), JPY 19,000/ MT (USD 179) and JPY 18,000/MT (USD 170) levels respectively.
Tokyo Steel's Bids For Scrap Purchase from 07th Mar'20
| Name of Work of Tokyo Steel | |||||
| Scrap Grade | Tahara Plant | Okayama Plant | Kyushu Factory | Utsunomiya Factory | Takamatsu Steel Center |
| Special Class (H2) | 20,500 | 19,000 | 18,500 | 19,500 | 18,000 |
| First Grade | 20,000 | 18,500 | 18,000 | 19,500 | 17,500 |
| Second Grade | 18,500 | 17,000 | 16,500 | 18,000 | 16,000 |
| New Breaking Press A | 22,500 | 20,000 | 20,000 | 21,500 | 19,000 |
| Shredder A | 22,000 | 19,500 | 19,000 | 20,000 | 18,500 |
| Shredder C | 21,500 | 19,000 | 18,500 | 19,500 | 18,000 |
Prices in JPY/MT,
Source: Tokyo Steel Reports
