Japan’s Tokyo Steel hikes scrap purchase price by JPY 2,000 ($19)

Japan’s leading EAF mill- Tokyo Steel increased scrap purchase price for all five works by JPY 2,000/t ($19), effective from 22nd Dec’20. The company would pay JPY 42,000/t ($405) for H2-scrap delivered at Tahara, JPY 41,500/t ($400) for Okayama and JPY 39,000/t ($377) for Utsunomiya works. Notably, this is the company’s ninth price hike in December.