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Tokyo Steel Cuts Scrap Purchase Prices At Five Works
Japan's largest electric steelmaker Tokyo Steel Mfg Co has reduced what the company pays for locally available ferrous scrap at its five works, effective with March 25 purchases.

There are provisions for a two-tier price reduction this time. A price reduction of Y1,000/ton applies to all grades of overland arrivals at the Okayama works, and to those of seaborne/overland arrivals at the Kyushu, Takamatsu, and Tahara works. Another price reduction of Y1,500/ton applies to all grades of seaborne arrivals at the Okayama works.

At the Utsunomiya works, the delivered price of No2 HMS is held down to Y35,500/ton. Purchases of local ferrous scrap are supposed to resume there from March 25 on the condition that intakes are limited to hours of 8:00-16:00.

As a result, the new delivered prices of No2 HMS are Y37,500/ton for seaborne/overland arrivals at the Okayama works; Y37,000/ton for seaborne/overland arrivals at the Kyushu works; Y35,500/ton for seaborne/overland arrivals at the Takamatsu works; Y37,000/ton for seaborne/overland arrivals at the Tahara works; and Y35,500/ton for overland arrivals at the Utsunomiya works.
last modified : Wed 30 Mar, 2011 [10:02]
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