- Japan’s leading EAF mill – Tokyo Steel has announced its third price hike today for scrap purchase this week.
- The company has increased prices by JPY 1,000/t ($9) for all five works.
- After today’s revision, the company would pay a bid price for H2 scrap at JPY 50,000/t ($457) for Tahara and JPY 47,000/t ($430) for Utsunomiya works.
- Domestic scrap prices have risen amid hike in export prices and surge in bids by Hyundai announced yesterday.
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