Tokyo Steel slashes its scrap buying prices another $6 per tonne

Oct 08, 2012 | 09:56 AM | None

Tags  Tokyo Steel Manufacturing, ferrous scrap, scrap prices

TOKYO — Japanese scrap prices are failing to find a bottom as Tokyo Steel Manufacturing Co. Ltd. continues to slash its buying prices.

The company has reduced its purchasing prices for a 12th time since late August, with the latest reduction of ¥500 ($6) per tonne taking prices to ¥24,500 ($313) per tonne for seaborne deliveries to its Okayama Works; ¥24,000 ($307) per tonne for overland deliveries to the plant, as well as all deliveries to its Kyushu Works; ¥23,500....





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