Author: Paul Ploumis
24 Jun 2014 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 24th, 2014 ie., today at the Okayama, Tahara, Takamatsu and Utsunomiya works.
Post cuts, the average scrap purchasing price now remain in the range ¥ 32,500~ ¥ 33,500/ton.
The scrap purchasing prices at Okayama works in Western Japan were at ¥ 33,500/ton and those in Kyushu works remained flat at ¥ 33,500/ton.
Tokyo Steel's scrap purchasing prices in Tahara works in Central Japan were at ¥ 33,500/ton, while those in Takamatsu steel center were at ¥ 32,500/ton.
The scrap purchasing prices at Utsunomiya works in northern Kanto have now increased to ¥ 33,500/ton.
Earlier, the company had announced a rise of ¥ 500/ton in scrap purchasing prices at Okayama, Takamatsu and Utsunomiya works effective last week ie., June 19th, 2014.