Japan: Tokyo Steel raises scrap buying prices by up to $18/t

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Tokyo Steel has announced a hike in scrap purchase prices today.
The steelmaker has raised bids by JPY 1,000/t ($9) for the Okayama, Takamatsu and Kyushu works. While prices were raised by JPY 2,000/t ($18) for the Tahara and Utsunomiya works.
Post-revision, the company’s bid price for H2 scrap will be JPY 52,000/t ($468) for Tahara and JPY 49,000/t ($441) for Utsunomiya.

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