Japan: Tokyo Steel raises scrap purchase prices again

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Tokyo Steel has hiked scrap purchase price for the fourth time this week.
The steelmaker has raised bids by JPY 500/t ($4) for the Tahara unit from 23 Oct.
Post-revision, the company’s bid price for H2 scrap stands at JPY 59,000/t ($518) for Tahara, prices for other plants remain unchanged.
Limited offers on chances of further price hike is triggering the continuous rise.

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