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 27th, 2014 ie., today at its Tahara and Utsunomiya works.
Post rise, the average scrap purchasing price now remain in the range ¥ 32,500~ ¥ 34,000/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 ¥ 34,000/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 ¥ 34,000/ton.
Earlier, the company had announced a rise of ¥ 500/ton in scrap purchasing prices at Okayama, Tahara, Takamatsu and Utsunomiya works effective June 23rd, 2014. The company has raised the H2 buying prices thrice during the past one week.