Japan’s Tokyo Steel lifts scrap purchase price by $9 at Tahara

Tokyo Steel has raised its scrap purchase price JPY 1000 ($9) for Tahara plant and JPY 500 ($4.7) for Kyushu works. The company would pay JPY 27,000/t for H2 scrap delivered to Tahara and Kyushu works, effective from 15th Sep’20. Notably, this is company’s second hike made for Tahara works in last four days.