Tokyo Steel lowers scrap purchasing prices

Author: Paul Ploumis01 Dec 2014 Last updated at 00:46:36 GMT

TOKYO (Scrap Monster): The country’s top producer of H-beams- Tokyo Steel has announced cut of ¥ 500/ton in scrap purchasing prices. The new prices will be effective for all deliveries to its works and scrap yards beginning Saturday, November 29th, 2014.

Post cut, the average scrap purchasing price of H2 grade scrap now remain in the range ¥ 28,500~ ¥ 30,000/ton.

The scrap purchasing prices at Okayama works in Western Japan will be reduced by ¥ 500/ton to ¥ 28,500/ton and those in Kyushu will see a drop of ¥ 500/ton to ¥ 29,500/ton.

Tokyo Steel’s scrap purchasing prices in Tahara works in Central Japan will be ¥ 28,500/ton, while those in Takamatsu steel center on Shikoku Island will be reduced by ¥ 500/ton to ¥ 28,500/ton.

The scrap purchasing prices at Utsunomiya works in northern Kanto have now dropped by ¥ 500/ton to ¥ 30,000/ton.

Meantime, base prices of H2 scraps in the Japanese Tokyo bay region remained unchanged at ￥28,500~29,000/ton as on November 28th. The base prices of P&S scraps and Shindachi scraps averaged at ￥31,000~31,500/ton in the region.