Japanese EAF steelmaker, Tokyo has cut steel scrap purchase prices by JPY500/mt ($4.6/mt) delivered mill for all grades. Bids for #1 busheling (shindachi) at Tahara and Okayama were, however, kept unchanged. The country decided on Thursday, to extend its COVID-19 related curbs as a surge in cases strained hospitals in the Olympics hosting city and various other areas.
Revised bid prices for #2 HMS are at JPY49,000/mt ($446.36/mt) del Tahara, JPY50,000/mt del Okayama, JPY48,500/mt del Kyushu, JPY48,500/mt del Utsunomiya, and JPY48,500/mt del Takamatsu.
Revised bids for #1 Busheling (Shindachi) are at JPY50,500/mt ($460.02/mt) del Kyushu, JPY50,500/mt del Utsunomiya, and JPY51,000/mt del Takamatsu.
Revised bids for #1 HMS are at JPY50,700/mt del Tahara, JPY50,700/mt ($461.84/mt) del Okayama, JPY49,200/mt del Kyushu, JPY50,500/mt del Utsunomiya, and JPY49,200/mt del Takamatsu.
Revised bids for HS(P&S 5ft) are at JPY51,500/mt del Tahara, JPY52,000/mt del Okayama, JPY50,500/mt del Kyushu, JPY50,500/mt del Utsunomiya, and JPY50,500/mt del Takamatsu.
($1 = JPY109.78)