It's reported that Japan's Tokyo Steel announced to cut its scrap purchasing prices by ￥500~￥1,000/ton at its five works from April 17th.
After the adjustment, its H2 scrap purchasing prices averaged at ￥31,500~￥33,500/ton.
Among them, the H2 scrap purchasing prices in Okayama plant are at￥32,500/ton; those in Kyushu plant are at ￥32,500/ton; those in Tahara plant are at ￥33,500/ton; those in Utsunomiya plant are at ￥33,000/ton and those in Takamatsu steel center are at ￥31,500/ton.
Meanwhile, Tokyo Steel has reduced scrap purchasing prices for consecutive three times since this April and the total price cut amounted to ￥1,500~￥2,000/ton.