Japan's largest electric steelmaker Tokyo Steel Mfg Co has increased what the company pays for locally available ferrous scrap by a uniform Y1,000/ton for all grades at its five works, effective with March 30 arrivals, which indicates a sixth price increase since the beginning of March.
As a result, the new delivered prices of No2 HMS are Y40,000/ton for seaborne and overland arrivals at the Okayama works; Y38,500/ton for seaborne and overland arrivals at the Kyushu works; Y37,500/ton for seaborne and overland arrivals at the Takamatsu works; Y39,000/ton for overland arrivals at the Tahara works; and Y39,000/ton for overland arrivals at the Utsunomiya works.
In this connection, the delivered price of No2 HMS at the Okayama works marks a level of Y40,000/ton for the first time in nearly one year and six months since Oct 4, 2008. |
