08 Apr 2014 Last updated at 02:45:30 GMT
TOKYO (Scrap Monster): The country’s top producer of H-beams- Tokyo Steel has announced a rise of ¥ 1,000/ton in scrap purchasing prices effective April 8th, 2014 ie., today at the Utsunomiya works. This is the third hike in H2 scrap prices during the month of April this year. The scrap purchasing prices had declined continuously from January to March this year.
Post cuts, the average scrap purchasing price now remain in the range ¥ 32,000~ ¥ 33,500/ton.
The scrap purchasing prices at Okayama works in Western Japan were at ¥ 32,000/ton and those in Kyushu works remained flat at ¥ 33,000/ton.
Tokyo Steel’s scrap purchasing prices in Tahara works in Central Japan were at ¥ 32,500/ton, while those in Takamatsu steel center were at ¥ 32,000/ton.
The scrap purchasing prices at Utsunomiya works in northern Kanto have now increased to ¥ 32,000/ton.
Author: Paul Ploumis