Japan: Tokyo Steel lifts scrap buy prices by $3/t

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Japan’s major EAF steelmaker Tokyo Steel has increased scrap buy prices for the first time this month.
The company raised bid prices for H2 scrap by JPY 500/t ($3/t) for all of its plants, effective 19 Oct.
Post revision, prices of H2 scrap stand at JPY 49,000/t ($329/t) delivered to the Tahara plant and JPY 50,000/t ($336/t) to the Utsunomiya plant.

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