Japan Tokyo Steel trims buy prices for scrap

Tokyo Steel Japan's largest steelmaker has lowered scrap purchase prices for the third time this week.
The company has slashed bids by JPY 1,000/t ($4/t) for four of its steelworks, effective 25 June.
Post-revision the bid prices for H2 scrap are at JPY 54,000/t ($401/t) delivered to the Tahara plant, while prices remain unchanged for Utsunomiya works.