Author: Paul Ploumis
02 Feb 2015 Last updated at 01:07:05 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. The new prices will be effective for all deliveries to its Tahara works beginning Saturday, January 31st, 2015. This is the second consecutive cut in scrap purchasing prices at Tahara works. The company had lowered buy prices for scrap at Tahara works last week too.
Post cut, the average scrap purchasing price of H2 grade scrap now remain in the range ¥ 23,000~ ¥ 26,500/ton.
The scrap purchasing prices at Okayama works in Western Japan will be ¥ 23,500/ton and those in Kyushu will remain unchanged at ¥ 24,000/ton.
Tokyo Steel's scrap purchasing prices in Tahara works in Central Japan will be reduced by ¥ 500/ton to ¥ 23,500/ton, while those in Takamatsu steel center on Shikoku Island will be ¥ 23,000/ton.
The scrap purchasing prices at Utsunomiya works in northern Kanto will continue to remain at ¥ 26,500/ton.