Tokyo steel has cut scrap buy prices by $4/t for the first time in 2022. The company has reduced bids by JPY 500/t ($4/t) for one of its steelworks effective 13 Jan'22.
Post-revision, the company's bid price for H2 scrap stands at JPY 53,000/t ($460/t) delivered to Utsunomiya, while prices for the other plants remain unchanged.
Tokyo Steel cuts scrap procurement price by JPY 500/t ($4/t)
Tokyo steel has cut scrap buy prices by $4/t for the first time in 2022.
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