The leading Japanese EAF steel producer Tokyo Steel has announced increases of JPY 1,000/mt for H2 grade scrap purchase prices at its Tahara, Nagoya and Utsunomiya yards. Meanwhile, the producer has cut its collection prices in the Kansai region by JPY 500/mt.
After the announcement, Tokyo Steel’s general range for H2 grade scrap has increased by JPY 1,000/mt on the upper end to JPY 50,000-52,500/mt ($312-327/mt) depending on the mill. While the lower end has decreased by $4/mt on US dollar basis in the latest revision, the upper end has risen by $2/mt due to the depreciation of the Japanese yen.
Shindachi scrap prices of Tokyo Steel have moved up by JPY 1,000/mt on the upper end to JPY 51,000-54,000/mt ($318-337/mt). As a result, the dollar-based prices have declined by $5/mt on the lower end and risen by $2/mt on the upper end. The prices are delivered and effective as of June 27.
Plant |
H2 scrap |
Shindachi |
||
Price (JPY/mt) |
Price change (JPY/mt) |
Price change (JPY/mt) |
Price change (JPY/mt) |
|
Tahara |
52,000 |
+1,000 |
53,000 |
+1,000 |
Nagoya |
51,000 |
+1,000 |
- |
- |
Okayama |
51,000 |
0 |
52,000 |
0 |
Kansai |
51,000 |
-500 |
- |
- |
Takamatsu |
50,000 |
0 |
51,000 |
0 |
Kyushu |
51,000 |
0 |
52,000 |
0 |
Utsunomiya |
52,500 |
+1,000 |
54,000 |
+1,000 |
$1 = JPY 160.35