Tokyo Steel further reduces its scrap purchasing prices

Feb 04, 2014 | 12:29 PM |

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

TOKYO — Tokyo Steel Manufacturing Co. Ltd. has again reduced its ferrous scrap buying prices effective with deliveries to its facilities beginning Feb. 5.

The Japanese steelmaker reduced its scrap purchasing prices for H2-grade scrap (a mix of No. 1 and No. 2 heavy melt) by ¥500 ($5) per tonne for both seaborne and overland deliveries to its Tahara, Kyushu, Utsunomiya and Okayama plants, while purchase prices for its Takamatsu service....

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