Tokyo Steel lifts scrap prices third time in week

Nov 14, 2012 | 10:37 AM | None

Tags  Tokyo Steel Manufacturing, scrap prices, ferrous scrap, scrap buying prices

TOKYO — The rally in the Japanese scrap market is gaining momentum, with Tokyo Steel Manufacturing Co. Ltd. boosting its purchase prices for a third time within a week following a sizable jump in export prices.

Japan’s largest electric-arc furnace operator and effective benchmark price-setter increased its buying prices by 500 yen ($6) per tonne.....

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