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Tokyo Steel Cuts Local Scrap Purchase Prices
Japan's top electric steelmaker Tokyo Steel Manufacturing Co has reduced its purchase prices of locally available ferrous scrap by Y1,000/ton for all grades at the company's three works except the Utsunomiya works, effective with Sept 3 arrivals.

As a result, the company's new purchase prices of No2 HMS are Y25,000/ton delivered Okayama works, Y24,000/ton delivered Kyushu works, and Y23,000/ton delivered Takamatsu works, each for arrivals by land and sea.

At the Utsunomiya works, the purchase prices of all grades go unchanged. The purchase price of No2 HMS is Y24,500/ton delivered for overland arrivals.
Meanwhile, intakes of local ferrous scrap at the Utsunomiya works are due to stop for 24 hours from midnight on Sept 3.
last modified : Wed 08 September, 2004 [09:55]
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