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Tokyo steel hikes scrap purchasing prices again

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Publish time: 22nd February, 2013      Source: ChinaCCM
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It's reported that Japan's Tokyo Steel announced to hike its scrap purchasing prices by ￥500/ton at its five works from February 21st.

After the adjustment, its H2 scrap purchasing prices averaged at ￥32,000~￥33,500/ton.

Meanwhile, the company has hiked its scrap purchasing prices for consecutive four times since February 14th and the total price rise reached ￥2,000/ton.

Among them, the H2 scrap purchasing prices in Okayama plant are at￥33,000/ton; those in Kyushu plant are at ￥33,000/ton; those in Tahara plant are at ￥33,500/ton; those in Utsunomiya plant are at ￥33,500/ton and those in Takamatsu steel center are at ￥32,000/ton.