Tokyo Steel slashes scrap buying tags another $12/T

Oct 26, 2012 | 01:10 PM | None

Tags  Tokyo Steel Manufacturing, scrap buying prices, electric-arc furnace operator

TOKYO — Tokyo Steel Manufacturing Co. Ltd. has reduced its buying prices for a 14th time since late August, with a surprisingly large cut of ¥1,000 ($12) per tonne for deliveries to its Okayama Works.

Deliveries to its other four plants were slashed by a more moderate ¥500 ($6.28) per tonne.....

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