- Tokyo Steel hiked scrap buying prices by $26/t and raised offers after one month. Notably, the price has peaked since 2017 as per SteelMint data.
- Post revision, the company’s bid price for H2 scrap stands at JPY 60,000/t ($518/t) delivered to the Tahara and Utsunomiya plants effective 10 Mar’22.
- Surge in bids in the Kanto scrap export tender today has driven domestic offers higher.
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