Japan: Tokyo Steel hikes scrap procurement price by up to $17/t

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Tokyo Steel has raised scrap buy prices by up to $17/t for the second time this month.
Post revision, the company’s bid price for H2 scrap stands at JPY 57,000/t ($494/t) delivered to the Tahara and Utsunomiya plants, effective 15 Feb’22.
Surge in bids in the Kanto scrap export tender has pushed up domestic offers.

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