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Tokyo Steel hikes scrap purchase prices again

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Japanese Tokyo Steel announced to hike the scrap purchase prices at its five works by¥500~¥1,000/ton averagely on February 21st.

The company decided to raise the scrap purchase by ¥500/ton at Utsunomiya plant and increase the prices by ¥1,000/ton at the other four firms.

After the adjustment, the company’s latest H2 scrap purchase prices are at ¥31,000~¥32,000/ton.

Among them, the H2 scrap purchase prices in Okayama plant is at ¥32,000/ton; that in Kyushu plant is at ¥32,000/ton; that in Takamatsu plant is at ¥31,000/ton; that in Tahara plant is at ¥32,000/ton and that in Utsunomiya plant is at ¥32,000/ton.

Meanwhile, Tokyo Steel has hiked the scrap purchase prices for three times in February and the total price rise has reached ¥1,500~¥2,000/ton.
News Date 21 Feb 2012 09:04:29 reported by Nann Cheng

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