Japan: Tokyo Steel Cuts Scrap Purchase Price by USD 5 at Two of its Works
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Japan's leading EAF mini-mill, Tokyo Steel has lowered its scrap purchase price by another JPY 500/MT (USD 5) at its Kyushu works and Utsunomiya Factory, while keeping its bids unchanged for the remaining 3 works, as per the latest price circular.
This is the second price cut made by the company in a span of the last 1 week. The new prices for all grades shall be effective from tomorrow (4th March'20).
After the said price cut, the company will pay JPY 19,000/MT (USD 176) for H2 scrap delivered to its Kyushu works in the western region and Okayama plant, while the price for H2 delivery to Utsunomiya plant in the Kanto region will be JPY 19,500/MT (USD 181). For Tahara Plant in the Central region and Takamatsu Steel Centre remain at JPY 20,500/MT (USD 186) and JPY 18,000/MT (USD 167) respectively.
Tokyo Steel's Bids For Scrap Purchase from 4th Mar'2020
| 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 | 19,000 | 19,500 | 18,000 |
| First Grade | 20,000 | 18,500 | 18,500 | 19,500 | 17,500 |
| Second Grade | 18,500 | 17,000 | 17,000 | 18,000 | 16,000 |
| New Breaking Press A | 22,500 | 20,000 | 20,500 | 21,500 | 19,000 |
| Shredder A | 22,000 | 19,500 | 19,500 | 20,000 | 18,500 |
| Shredder C | 21,500 | 19,000 | 19,000 | 19,500 | 18,000 |
Prices in JPY/MT,
Source: Tokyo Steel Reports
