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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]|