Japan’s Tokyo Steel raises scrap purchase price upto JPY 1,500/t ($14)

Japan’s leading EAF mill- Tokyo Steel has increased scrap purchase price upto JPY 1,500/t for all works. The company would pay JPY 37,500/t ($358) for H2-scrap delivered to Tahara and JPY 33,000/t ($315) for Utsunomiya works in Kanto. The revised prices will be effective from tomorrow (11th Dec’20). This is the company’s fifth price hike in Dec’20.