Tokyo Steel
Manufacturing Co, Japan's
largest electric steelmaker, has reduced scrap purchase prices again by US$ 13/MT (JPY
1,000/MT) at its all 5 plants, effective from June 7.
The company continues to
cut the scrap prices since June and the total price correction has amount to US$
40/MT.
After the correction,
the purchase prices for HMS 2 reach US$ 321-352/MT (JPY 25,500-28,000/MT).
Following are the current purchase price
(plant wise) for HMS 2 (Unit: JPY/MT):
Okayama: 27,500 (US$ 346/MT)
Kyushu: 27,500-28,000 (US$ 346-352/MT )
Takamatsu: 25,500 (US$ 321/MT)
Tahara: 27,500 (US$ 346/MT)
Utsunomiya: 27,000 (US$ 340/MT)
1 US$ = JPY 79.42
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