Tag: Japan Tokyo steel prices
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Japan: Tokyo Steel increases scrap procurement prices after 4 months
Japan’s Tokyo Steel has raised its scrap buy prices after continuous cuts over the last four months. The company increased bids by up to JPY 2,000/t ($15/t) for two of its plants, effective 19 Aug. Post adjustment, bid prices for H2 scrap are at JPY 43,000/t ($318/t) delivered to the Utsunomiya works and Kyushu plant.