Tokyo Steel cuts ferrous scrap purchase prices
Apr 03, 2013 | 12:20 PM
TOKYO Tokyo Steel Manufacturing Co. Ltd. has cut its ferrous scrap purchase prices for the first time since late October, confirming signs of a weakening price trend.
Japans largest mini-mill operator and effective benchmark price-setter has reduced its buying prices for deliveries of all grades of scrap to its Tahara plant by 500 yen ($5.50) per tonne and deliveries to its other four works by 1,000 yen ($11) per tonne.....
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