A reduction in the procurement price for H2 grade scrap trucked to Tokyo Steel’s Utsunomiya steelworks was revealed at the same time by the industry’s largest electric arc furnace operator. Prices were reduced by JPY 1,000/t to JPY 54,000/t as of March 25.
Previously, it paid JPY 55,000/t from March 17 to 24. On March 10–16, its purchase price reached a recent high of JPY 55,500/t. Prior to this, prices remained at JPY 53,500/t from 10 February to 9 March.
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