Japan’s leading EAF mill – Tokyo Steel has hiked its scrap purchase price today for all five plants by up to JPY 1,000/t ($9). The company would pay JPY 42,500/t ($396) for both H2 scrap delivered at Tahara and Utsunomiya plant, effective from 5th Mar’21. Japanese domestic scrap prices are rising on the back of price rally in exports.
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