It's reported that the Japanese Tokyo Steel announced to cut its scrap purchasing prices by ￥500/ton on January 9th.
After the adjustment, its scrap purchasing prices averaged at ￥36,500~￥37,500/ton.
Among them, the scrap purchasing prices at Okayama works are at ￥37,500/ton; those in Kyushu works are at ￥37,500/ton; those in Tahara works are at ￥37,500/ton; those in Takamatsu steel center are at ￥36,500/ton and those at Utsunomiya works remained unchanged at ￥37,500/ton.