Japan: Tokyo Steel raises scrap purchase prices by JPY 500/t ($4/t)

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Tokyo Steel has raised scrap purchase prices today by JPY 500/t. The company increased bids by $4/t for all its five facilities.
Post revision, the company’s bid price for H2 scrap stands at JPY 65,000/t ($530/t) delivered to Tahara and Utsunomiya, effective 5 Apr’22.
Higher export prices amidst currency depreciation continues to push domestic offers higher.

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