Tokyo steel lowers scrap buying price at Utsunomiya works

Published: Feb 11, 2015 16:34

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The country’s top producer of H-beams- Tokyo Steel has announced further cut of ¥ 500/ton in scrap purchasing prices.

Author: Paul Ploumis11 Feb 2015 Last updated at 02:13:13 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 Utsunomiya works beginning Wednesday, February 11th, 2015. The company had earlier cut the scrap buying prices at Tahara works twice during the past ten days.

Post cut, the average scrap purchasing price of H2 grade scrap now remain in the range ¥ 23,000~ ¥ 26,000/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 ¥ 24,500/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 now be reduced by ¥ 500/ton to ¥ 26,500/ton.

Tokyo Steel scrap steel

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