Japan: Tokyo Steel Cuts Scrap Purchase Price Further By USD 5
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As per new price circular released, Japan's leading EAF mini-mill - Tokyo Steel has lowered its scrap purchase price at 2 of its plants, Utsunomiya works in Kanto region and Okayama plant, by JPY 500/MT (USD 5), while keeping the prices at its other 3 plants unchanged. Notably, this the 3rd Price cut by the company in 4 days, as the Japanese scrap prices have been in a free-fall mode in Sep'19, while the new prices for all grades shall be effective from tomorrow (14th Sept'19).
After the said price cut, the company will pay JPY 23,500/MT (USD 217) for H2 scrap delivered at Utsunomiya plant in Kanto region and JPY 22,000/MT (USD 203) to Okayama plant. The price for H2 delivered to Tahara plant in Central Japa , Kyushu works (western region) and Takamatsu steel centre remain unchanged at JPY 24,000/MT (USD 222), JPY 24,000/MT and JPY 21,000/MT (USD 194) respectively.
Tokyo steel's scrap purchase price effective from 14th Sep'19 -
| Scrap Grade | Name of Work of Tokyo Steel | ||||
| Tahara Plant | Okayama Plant | Kyushu Factory | Utsunomiya Factory | Takamatsu Steel Center | |
| Special Class (H2) | 24,000 | 22,000 | 24,000 | 23,500 | 21,000 |
| First Grade | 23,500 | 21,500 | 23,500 | 23,500 | 20,500 |
| Second Grade | 22,000 | 20,000 | 22,000 | 22,000 | 19,000 |
| New Breaking Press A | 25,500 | 24,000 | 26,000 | 25,500 | 23,000 |
| Shredder A | 25,500 | 22,500 | 24,500 | 24,000 | 21,500 |
| Shredder C | 25,000 | 22,000 | 24,000 | 23,500 | 21,000 |
Prices in JPY/MT,
Source: Tokyo Steel Reports
