Tokyo Steel slashing ferrous scrap prices
Nov 06, 2008 | 10:11 AM
|
Tokyo Steel Manufacturing Co. Ltd., Japan's biggest electric-arc furnace operator, said it is cutting ferrous scrap purchase prices further and halting steel exports to Asia amid the worsening economic crisis.
The Japanese steelmaker is cutting its scrap purchase prices to between 11,000 and 12,500 yen ($112 to $127) per tonne and said further cuts may be in the offing. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here