Tokyo steel lowers purchasing prices of scrap

Author: Paul Ploumis
03 Mar 2015 Last updated at 01:28:36 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 are being made effective for all deliveries to its Utsunomiya and Okayama works beginning Saturday, February 28th, 2015. The company had earlier cut the scrap buying prices at Tahara and Utsunomiya works during the month.

Post cut, the average scrap purchasing price of H2 grade scrap now remain in the range ¥ 23,000~ ¥ 25,500/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 ¥ 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 ¥ 25,500/ton.