Japan’s leading EAF mill – Tokyo Steel has increased its scrap purchase price by up to JPY 1,000/t ($9) for all works. After today’s revision, the company would pay JPY 41,000/t ($386) for both H2 scrap delivered at Tahara and Utsunomiya works, effective from tomorrow (27th Feb’21). Notably, prices at Tahara work have hit one-month high.
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