Tokyo Steel
Manufacturing Co, Japan's
largest electric steelmaker, has cut the scrap purchase prices further by over US$ 6/MT (JPY
500/MT) at its Tahara and Okayama plants, effective from May 18.
Meanwhile, the co's purchase prices of local ferrous
scrap remain unchanged this time at its rest 3 works including Takamatsu steel
center. Following are the current purchase price (plant wise) for HMS 2 (Unit:
JPY/MT):
Okayama: 32,000
Kyushu: 32,000-32,500
Takamatsu: 30,000
Tahara: 32,500
Utsunomiya: 32,000
1 US$ = JPY 79.6720
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