Japan: Tokyo Steel increases scrap procurement prices by $22/t

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Japan’s Tokyo Steel has raised scrap buy prices for the first time this week.
The company increased bids for H2 scrap by JPY 3,000/t ($22/t) for four of its plants, effective 25 Aug.
Post adjustment, bid prices for H2 scrap are at JPY 46,000/t ($336/t) delivered to the Utsunomiya works, while prices for Tahara remain unchanged.

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