Tokyo Steel lifts scrap tags a fourth time in two weeks

Nov 21, 2012 | 09:22 AM | None

Tags  Japanese scrap, Tokyo Steel Manufacturing, scrap purchase prices

TOKYO — The rally in the Japanese scrap market continues unabated, with Tokyo Steel Manufacturing Co. Ltd. raising its purchase prices for the fourth time in two weeks.

Japan’s largest electric-arc furnace operator and effective benchmark price setter raised its purchase prices for deliveries to all five of its works by an additional ¥500 ($6) per tonne.....

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