25
Jan
14:50
Tokyo Steel cuts scrap prices at Utsunomiya
Japanese domestic scrap prices have fallen, Kallanish notes.
Leading electric arc furnace operator Tokyo Steel lowered its scrap buying price by JPY 2,000/tonne ($14) to JPY 51,000/t ($345) at its Utsunomiya steelworks from 26 January. This reverses a price hike by the same margin last week which was effective on 17 January.
In Vietnam, Japanese H2 offers are heard at $405/t cfr. An importer hears of several deals being struck at $400/t cfr Vietnam earlier this w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous