Japan: Tokyo Steel hikes scrap purchase price by JPY 1,000 ($10) at Kanto works

Japan’s leading EAF mill- Tokyo Steel has announced a price hike for scrap purchase today by JPY 1,000/t ($10) for Utsunomiya works situated in the Kanto region. The company would now pay JPY 28,500/t ($274) for H2-scrap delivered to the Utsunomiya plant. However, prices for the other four works have remained unchanged.