Tag: Tokyo Steel scrap purchase price

Japan: Tokyo Steel Observes its First Price Hike for Scrap Purchase in 5 Months

May 21, 2020

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by

Reena

in Melting Scrap

Japan’s leading EAF mill – Tokyo Steel has announced a hike in its scrap purchase price for the first time since mid Dec’19, as domestic scrap market followed the uptrend in Japanese export offers, which had been showing improvement since the last 3-4 weeks. The purchase bids were hiked by a sharp JPY 1000/MT (USD…