Tokyo steel cuts scrap purchase price at Tahara works

Author: Paul Ploumis
15 Jan 2015 Last updated at 00:40:30 GMT
TOKYO (Scrap Monster): The country's top producer of H-beams- Tokyo Steel has announced further cut of ¥ 500/ton in scrap purchasing prices at Tahara works. The new prices will be effective for all deliveries beginning Thursday, January 15th, 2015. This is the third consecutive cut in the past ten days. Earlier, the company had announced cut of ¥ 500/ton each on Jan 7th and Jan 10th.

Post cut, the average scrap purchasing price of H2 grade scrap now remain in the range ¥ 23,500~ ¥ 26,500/ton.

The scrap purchasing prices at Okayama works in Western Japan will remain at ¥ 24,000/ton and those in Kyushu will be ¥ 24,000/ton.

Tokyo Steel's scrap purchasing prices in Tahara works in Central Japan will be reduced by ¥ 500/ton to ¥ 26,500/ton, while those in Takamatsu steel center on Shikoku Island will be ¥ 23,500/ton.

The scrap purchasing prices at Utsunomiya works in northern Kanto will be ¥ 26,500/ton. Many electric furnace mills in the region have cut their scrap purchase price by ¥ 500/ton, following Tokyo steel's decision to lower the prices.