It's reported that the Japanese Tokyo Steel announced to cut the scrap purchasing prices further by ￥500/ton from September 8th.
Meanwhile, the firm has reduced the scrap purchasing prices for consecutive five times since August 25th.
After the adjustment, the H2 scrap prices are at ￥25,500~￥27,500/ton.
Among them, the H2 scrap purchasing p prices in Okayama plant is at ￥27,000~￥27,500/ton; that in Kyushu plant is at ￥27,000/ton; that in Tahara plant is at ￥26,500/ton; that in Utsunomiya plant is at ￥26,500/ton and that in Takamatsu steel center is at ￥25,500/ton.