Author: Paul Ploumis12 Jun 2014 Last updated at 05:24:29 GMT

TOKYO (Scrap Monster): The country’s top producer of H-beams- Tokyo Steel has announced a rise of ¥ 500/ton in scrap purchasing prices effective June 12th, 2014 ie., today at the Utsunomiya works.

Post cuts, the average scrap purchasing price now remain in the range ¥ 31,500~ ¥ 33,000/ton.

The scrap purchasing prices at Okayama works in Western Japan were at ¥ 32,500/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 ¥ 33,000/ton, while those in Takamatsu steel center were at ¥ 31,500/ton.

The scrap purchasing prices at Utsunomiya works in northern Kanto have now increased to ¥ 32,500/ton.