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Tokyo Steel reduces scrap rates by $3.3/ t at essential works

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The cuts relate to shipments to its Okayama works as well as Kyushu functions, both in western Japan, and to its Utsunomiya plant in central Tohoku, and also take the cost of H2 grade at Okayama to Yen 49,500/ t which of Shindachi trucked to the very same jobs to Yen 51,500/ t, according to

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Japan's largest independent mini-mill, Tokyo Steel, has clipped buying prices for all grades of scrap delivered to its three main works by Yen 500 ($3.3/t) effective from November 2 deliveries, the company announced late Tuesday....

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