Japan's largest electric steelmaker Tokyo Steel Mfg Co has increased what the company pays for locally available ferrous scrap by a uniform Y500/ton for all grades at its four works except the Takamatsu works, effective with March 22 arrivals. |
As a result, the new delivered prices of No2 HMS are Y34,500/ton for seaborne arrivals and Y34,000/ton for overland arrivals at the Okayama works; Y34,500/ton for seaborne arrivals and Y34,000/ton for overland arrivals at the Kyushu works; Y34,500/ton for seaborne/overland arrivals at the Tahara works; and Y33,500/ton for overland arrivals at the Utsunomiya works.
Tokyo Steel's purchase prices of local ferrous scrap remain unchanged at its Takamatsu works. The delivered price of No2 HMS is Y32,500/ton for seaborne/overland arrivals.