Japan: Tokyo Steel further reduces scrap procurement prices by $3/t
Tokyo Steel has announced a further reduction in domestic scrap procurement prices, effective 30 Aug'24. The company has lowered prices by JPY 500/t ($3/t) at its Utsunomiya plant, setting them at JPY 45,500/t ($313/t). Additionally, the prices at the Tahara and Okayama plants remained stable at JPY 46,000/t ($317/t).