Tokyo Steel reduces scrap prices again

Oct 27, 2011 | 03:20 AM |

Tokyo Steel has reduced its purchase prices of all grades of scrap by ¥500 ($7) per tonne for deliveries to all five of its works, taking prices down to their lowest in over a year.
As a result, Japan's largest EAF operator and effective benchmark price-setter is now paying ¥29,500 per tonne for seaborne/overland arrivals to its Kyushu and Okayama works; ¥29,000 per tonne for those at its main Utsunomiya and Tahara plants; and ¥28,000 per tonne for arrivals at the Takamatsu works.....

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