Tokyo Steel scrap buying price at 1-year high

Mar 15, 2013 | 09:55 AM |

Tags  Tokyo Steel, scrap, scrap prices, scrap buying prices, H2 scrap, heavy melt, Japanese scrap, scrap export prices

TOKYO — Tokyo Steel Co. Ltd. has raised its scrap purchase prices for a second time within a week to the highest level since March 2012 in response to a large jump in the latest export auction prices.

The Tokyo-based company, Japan’s largest electric-arc furnace operator and unofficial benchmark price-setter, has increased its buying prices for shipments to all five of its works by 500 yen ($5.22) per tonne.....

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