NEWS
IRON and STEEL   Scrap & Recycling  

Japan's Tokyo Steel Scrap Purchase Price at Tahara Hit 14 Month Low

Steelmaker cuts scrap prices further by JPY 500-1000/MT (USD 4-9) today

Japan’s leading EAF steel mini-mill - Tokyo Steel has observed second price revision this month after 1st Dec'18 today. As per new price circular released, scrap prices lowered further by JPY 500/MT (USD 4) at Tahara, Utsunomiya and Kyushu works while that of JPY 1000/MT at Okayama plant and Takamatsu steel center of the company in Japan. New prices shall be effective from tomorrow.

Tokyo steel’s H2 prices stand at JPY 31,000/MT (USD 274) for largest plant Tahara. Revised prices hit almost 14 months low as similar price levels were seen on 7th Oct'17 at Tahara in central Japan.

Revised price for H2 stands at JPY 30,500/MT at Okayama works in western Japan and for the same grade prices noted at JPY 29,500/MT for its Takamatsu steel center, JPY 32,500/MT for Kyushu plant and JPY 32,000/MT for Utsunomiya plant located in the Kanto region.

According to reports, last week South Korean Hyundai Steel placed bids for Japanese H2 at JPY 30,500/MT, FoB Japan. Which is still lower by JPY 1500/MT than current price at Utsunomiya Works.

Following this, Japanese scrap export prices are likely to come under pressure further but offers remain limited at the moment. Market remains uncertain with no signs of price bottom yet even after sharp fall in the prices.

News No: 2827
Date: 2018/12/07 - 01:28
News Source: SteelMint

Tokyo Steel Scrap  Utsunomiya and Kyushu  Hyundai Steel  Takamatsu steel center 

Comments:

Leave a Comment:

   
   
   
 

Fives at Hyundai Steel Future Tech Forum

Hyundai Steel, a pioneer steel maker in South Korea, invited Fives, an international engineering group on November 27-28, 2018 for a Future Tech Forum.
 

South Korea: Hyundai Steel Books Bulk Scrap Cargo from US and Russia

South Korea’s leading EAF steelmaker - Hyundai Steel has booked two bulk scrap cargoes one after another from USA and Russia last week in preparation for January requirement.
 

Japan: Tokyo Steel Scrap Prices at Utsunomiya Works Hit 1 Year Low

Steelmaker cuts scrap prices further by JPY 500/MT (USD 4) at all works today
 

South Korean HRC Importers Turn Active On Competitive Offers from China

South Korea based HRC importers have turned active and are procuring material from China amid competitive steel prices along with tight supply in domestic market.
 

Global Ferrous Scrap Market Overview - Week 47, 2018

This week observed continuing downtrend in all major scrap markets on successively falling steel prices and fear of rising Chinese exports at declined prices.
 

Vietnam - Imported HRC Offers Decline Further

This week imported HRC offers to Vietnam from China witnessed drop by USD 5-10/MT on W-o-W basis following steep fall in export offers from China.Weakening domestic market over dull trades resulted to falling steel prices in China. Nation’s HRC export offers is hovering around USD 535/MT FoB basis.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners