Tokyo Steel lifts Scrap purchase prices by $12/t

It
is reported that Japanese Tokyo Steel hiked scrap purchase prices at its five major
plants by an average of JPY 1,000/MT (US$ 12.40/MT) on 25^th of this
month.

Japan's
largest electric steelmaker Tokyo Steel Mfg Co has increased the prices for
scrap what the company pays for locally available ferrous scrap by an average
of 1,000/MT.

A
price increase of JPY 1,000/MT applies to seaborne overland arrivals at the
Okayama, Kyushu, Takamatsu, Tahara & Utsunomiya steel plants.

Following
are the current purchase price (plant wise) for HMS 2 transported from Seaborne
& Overland respectively: (Unit: JPY/MT)

Okayama: 34,500 & 34000

Kyushu: 34,500 & 34,000

Takamatsu: 33,000

Tahara: 34,500 & 34,500 (Overland Unchanged)

Utsunomiya: 34,000