Reportedly, Japan's Tokyo Steel announced to cut the scrap purchasing prices further by ￥500/ton at its four steelworks from September 26th.
After the adjustment, its H2 scrap average prices are at ￥24,000~￥26,000/ton.
Among them, the H2 scrap purchasing p prices in Okayama plant is at ￥25,500~￥26,000/ton; that in Kyushu plant is at ￥25,500/ton; that in Tahara plant is at ￥25,000/ton; that in Utsunomiya plant is at ￥25,000/ton and that in Takamatsu steel center is at ￥24,000/ton.
Meanwhile, Tokyo Steel has reduced the scrap purchasing for consecutive six times since August 25th and the accumulative price cut has reached ￥4,000/ton.