10 Mar 2014 Last updated at 06:26:56 GMT
TOKYO (Scrap Monster): The country’s top producer of H-beams- Tokyo Steel has again announced cut of ¥ 2,000/ton in scrap purchasing prices effective March 10th, 2014 at the Utsunomiya works. The H2 scrap prices have seen continuous decline during January and February this year. This is the third round of price cuts in the past one week. The company had announced cut of ¥500/ton ~ ¥ 1,000/ton in scrap purchasing prices effective March 6th, 2014.
Post cuts, the average scrap purchasing price now remain in the range ¥ 30,000~ ¥ 34,500/ton.
The scrap purchasing prices at Okayama works in Western Japan remained flat at ¥ 33,000/ton and those in Kyushu works too remained flat at ¥ 34,500/ton.
Tokyo Steel’s scrap purchasing prices in Tahara works in Central Japan were at ¥ 33,000/ton, while those in Takamatsu steel center were at ¥ 32,000/ton.
The scrap purchasing prices at Utsunomiya works in northern Kanto declined by ¥ 2,000/ton to touch ¥ 30,000/ton.
Author: Paul Ploumis