IRON and STEEL   Scrap & Recycling  

Japan: Tokyo Steel Keeps Steel Prices Unchanged For Jan’19

Tokyo Steel Manufacturing Co Ltd - Japan’s top electric-arc furnace steelmaker has kept steel prices unchanged owing to softening export offers in overseas nations.

Prior this, last month company increased heavy plate prices by Yen 2000/MT for December deliveries on the backdrop of tight supply and increased demand in construction sector.

Regarding domestic market conditions, Imamura Managing Director highlighted,”Domestic demand remains firm, but we are keeping product prices steady as the overseas steel market has fallen quite sharply,”

Tokyo Steel Scrap Prices- In last one months’ time, the steelmaker observed successive price cuts for domestic scrap resulting in a total price drop of JPY 3000-5500/MT (USD 26-49/MT). Prices at Utsunomiya plant in the Kanto region have come down to more than 1 year’s low. Now, H2 prices stand at JPY 30,500/MT at largest plant, Tahara and JPY 31,500/MT at Utsunomiya plant. Participants expect scrap prices to correct further with no signs of bottom yet.

News No: 3017
Date: 2018/12/21 - 13:41
News Source: SteelMint

Tokyo Steel  electric-arc furnace  scrap  Kanto region  Utsunomiya plant 


Leave a Comment:


Japan's Tokyo Steel Hikes Scrap Price Further by USD 5

Tokyo Steel's 2nd price hike in March, H2 prices at Utsunomiya plant increased by Yen 3500 (USD 31) against the price revision made a month back on 14 Feb'19.

Pakistan: Imported Scrap Offers Inch Up; Limited Trades Reported

SteelMint learned in recent conversation with participants that imported scrap offers to Pakistan have moved up USD 5-10/MT W-o-W as suppliers slowly turning resistive to low offers

SE Asia: Imported Scrap Market Observes Limited Trades

SteelMint learned from market participants that imported scrap trades in SE Asia remained limited on high offers and availability of stocks in hand. Most of the steel mills likely to wait for the next couple of weeks to start end-April & May delivery shipments.

India: DGFT Exempts PSIC for Metal Scrap Imports at Mundra Port

Metallic waste & scrap imported from safe countries/regions i.e US, UK, Canada, New Zealand, Australia and EU will not require PSIC if consignments are cleared through 7 ports including Mundra.

Japan: Ferrous Scrap Exports Drop 24% in Jan'19

Scrap imports from China and Vietnam observed significant fall in Jan’19

Japan: Tokyo Steel Raises Scrap Purchase Price Further USD 5

As per new price circular released, Japan’s leading EAF steel mini-mill - Tokyo Steel has raised domestic scrap purchase price further by JPY 500/MT (USD 5) at all five works effective from tomorrow (28th Feb).
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners