Tokyo Steel cuts scrap charges to most works by $5 per tonne

Tokyo Steel has further reduced its scrap purchase charges for deliveries to four of its works.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

Japan’s largest electric arc furnace operator and de-facto benchmark price-setter cut charges to its Tahara, Kyushu and Okayama production units as well as those to its Takamatsu service centre by ¥500 ($5) per tonne, effective February 15 deliveries.

However, it left delivery charges to its main Utsunomiya plant unchanged.

As a result, it is now paying ¥36,000 ($353) per tonne for both seaborne and overland deliveries to Utsunomiya and Kyushu; ¥35,500 ($349) per tonne for deliveries to Tahara and Okayama; and ¥34,500 ($339) per tonne for those to Takamatsu.

The reduction in its charges – the sixth so far this year – came after a drop at the latest export tender held on February 13 by the Kanto Tetsugen, which brings together Tokyo-area dealers, where prices dropped by ¥2,350 ($23) per tonne from the previous month’s auction to ¥32,995 ($324) per tonne fas for H2-grade scrap.

What to read next
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
Electrolysis processes developed by Boston Metal and Electra that eliminate the need for coal in steel production could be key to a net-zero emissions future for the metallics industry, attendees learned at Fastmarkets’ conference on January 17-19 in Dallas
US deep-sea ferrous export prices from the East Coast to Turkey have plateaued, with a Turkish mill purchasing a cargo at prices stable from the last-reported sale
Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.
Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.