Japan’s Tokyo Steel boosts scrap buying prices again

Nov 04, 2013 | 11:23 AM |

Tags  Tokyo Steel Manufacturing, H2-grade scrap, Japan, electric-arc furnance, EF, price increase, mini-mills

TOKYO — Tokyo Steel Manufacturing Co. Ltd. has increased scrap buying prices for five of its production units by ¥500 ($5.06) per tonne as domestic prices for the raw material continue to strengthen.

The new buying prices for H2-grade scrap (a mix of No. 1 and No. 2 heavy melt) are ¥36,000 ($364.64) per tonne for seaborne arrivals and ¥35,500 ($359.74) per tonne for overland arrivals delivered to its Okayama Works; ¥36,500 ($369.70) per....

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