According to Mining News Pro - After the said price cut, the company will pay JPY 19,500/MT (USD 177)  for H2 scrap delivered to its Kyushu works in the western region, while the price for H2 delivery to Utsunomiya plant in the Kanto region, Tahara Plant in the Central region, Okayama plant and Takamatsu Steel Centre remain unchanged at JPY 20,000/MT (USD 182,) JPY 20,500/MT (USD 186) ,JPY 19,000/MT and JPY 18,000/MT respectively, on DaP basis.

Notably, Japanese export offers to Taiwan, Vietnam and even South Korea have recently soared up, on the back of good demand from Taiwanese mills recently, hence it would be interesting to see the direction of of domestic scrap prices in Japan in the coming days.

Tokyo Steel`s Bids For Scrap Purchase from 28th Feb`2020.