Japan: Tokyo Steel's 3rd Scrap Purchase Price Hike in Nov'19
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After the said price hike, the company will pay JPY 23,500 /MT (USD 216) for H2 scrap delivered at Tahara plant in central region while JPY 22,000 / MT (USD 202) for Okayama plant. For H2 delivered to Kyushu works in the western region, Utsunomiya works located in the Kanto region and Takamatsu Steel Center the new price will be JPY 24,500/MT (USD 225), JPY 24,000/MT (USD 220) and JPY 21,000/MT (USD 193) levels respectively.
After 3 price hikes by the company this month till now, the bids have been increased by a total of JPY 1500/MT, however, the increasing export offers of Japanese scrap to overseas markets as well as the improving domestic market, suggest that there is space for further upward movement in the coming days.
Tokyo Steel's Bids For Scrap Purchase from 27th Nov'19
| Scrap Grade | Tahara Plant | Okayama Plant | Kyushu Factory | Utsunomiya Factory | Takamatsu Steel Center |
| Special Class (H2) | 23,500 | 22,000 | 24,500 | 24,000 | 21,000 |
| First Grade | 23,000 | 21,500 | 24,000 | 24,000 | 20,500 |
| Second Grade | 21,500 | 20,000 | 22,500 | 22,500 | 19,000 |
| New Breaking Press A | 25,500 | 23,500 | 26,500 | 26,000 | 22,500 |
| Shredder A | 25,000 | 22,500 | 25,000 | 24,500 | 21,500 |
| Shredder C | 24,500 | 22,000 | 24,500 | 24,000 | 21,000 |
Prices in JPY/MT,
Source: Tokyo Steel Reports
