Reportedly, Japan's Tokyo Steel announced to cut the scrap purchasing prices by ￥1000/ton at its Utsunomiya plant from November 8th.
After the adjustment, its H2 scrap prices at Utsunomiya plant are ￥￥23,500/ton.
Meanwhile, Tokyo Steel remained the scrap purchasing prices at the other four plants unchanged. The H2 scrap purchasing p prices in Okayama plant is at ￥22,500~￥23,000/ton; that in Kyushu plant is at ￥22,500/ton; that in Tahara plant is at ￥22,500/ton and that in Takamatsu steel center is at ￥21,500/ton.