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Japanese Tokyo Steel cuts scrap purchase prices
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It’s reported that Japanese Tokyo Steel announced to cut the scrap purchase prices by ￥500/ton from May 29th.
After the adjustment, its latest purchase prices of H2 scrap are at ￥28,500~￥31,000/ton.
Among them, the H2 scrap purchase prices in Okayama plant is at ￥30,500/ton; that in Kyushu plant is at ￥30,500~31,000/ton; that in Tahara plant is at ￥30,500/ton; that in Utsunomiya plant is at ￥30,000/ton; and that in Takamatsu steel center is at ￥28,500/ton.
Meanwhile, Tokyo Steel has reduced the scrap purchase prices for consecutive four times since this May. The total price cut has accumulated to ￥1,500~￥3,000/ton.
News Date
5/29/2012 9:55:23 AM
reported by
Nann Cheng
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