Tokyo Steel lifts scrap purchasing price
Nov 08, 2012 | 01:02 PM
TOKYO Tokyo Steel Manufacturing Co. Ltd. has raised the scrap purchasing price at one of its plants by 1,000 yen ($12.50) per tonne, suggesting that Japanese scrap prices might finally have bottomed out after falling to multiyear lows over the past few months.
Although the increase only affects deliveries to the companys Utsunomiya plant north of Tokyo, it is the steelmakers first scrap price increase since late August. ....
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