Japan’s Tokyo Steel cutsscrap buying prices again

摘要

Japanese mini-mill Tokyo SteelManufacturing has cut buying prices for allscrap grades delivered to its steelworks by Yen 500-1,000/mt ($4-$8/mt) effectivefrom Friday morning, the companyannounced via its website late Thursday.Effective Friday the company paysscrap collectors Yen 20,500/mt ($169/mt) for H2 delivered to its Utsunomiyasteelworks north of Tokyo, as well as to itsOkayama and Kyushu works in westernJapan, all lower by Yen 500/mt.