<span class="wntoptext03"><span>Reportedly, Japan’s Tokyo Steel announced to cut the scrap prices by </span><span>￥</span><span>500/ton in its five plants on May 28th.</span></span><span><br> <span class="wntoptext03">After the adjustment, the latest H2 scrap prices are at </span></span><span class="wntoptext03"><span>￥</span><span>34,500~</span><span>￥</span><span>37,000/ton averagely.</span></span><span><br> <span class="wntoptext03">Among them, the purchase prices of H2 scrap in Okayama plant are at </span></span><span class="wntoptext03"><span>￥</span><span>36,000/ton; that in Kyushu plant is at </span><span>￥</span><span>36,500/ton; that in Takamatsu plant is at </span><span>￥</span><span>34,000/ton; that in Tahara plant is at </span><span>￥</span><span>36,500~</span><span>￥</span><span>37,000/ton and that in Utsunomiya is </span><span>￥</span><span>35,000/ton.</span></span><span class="apple-converted-space"><span> </span></span><span><br> <span class="wntoptext03">In addition, South Korean scrap purchase prices dropped to </span></span><span class="wntoptext03"><span>￥</span><span>34,500/ton FOB last week, affected by the continuous drop in Japan.</span></span><span><br> ( Source: <a href="http://www.yieh.com/"><span><font size="3" face="Times New Roman">www.yieh.com</font></span></a> )</span>