Tokyo Steel cuts scrap buying prices again

Jan 07, 2014 | 09:01 AM |

Tags  Tokyo Steel Manufacturing, scrap prices, ferrous scrap, H2 scrap, heavy melt

TOKYO — Japanese ferrous scrap prices continued their downward trek this week as steel mills struggle to maintain profitability.

Tokyo Steel Manufacturing Co. Ltd., the country’s largest electric-arc furnace operator and effective benchmark price-setter, has reduced its purchase prices for the steelmaking raw material by 500 yen ($5) per tonne for deliveries to all five....

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