Tokyo steel cuts H2 grade scrap purchasing prices

TOKYO (Scrap Monster): The country’s top producer of H-beams- Tokyo Steel has announced further cut of ¥ 500/ton in scrap purchasing prices. The new prices will be effective for all deliveries beginning Thursday, October 9^th, 2014 at all its five steel works.

Post cut, the average scrap purchasing price of H2 grade scrap now remain in the range ¥ 31,500~ ¥ 33,000/ton.

The scrap purchasing prices at Okayama works in Western Japan were reduced by ¥ 500/ton to ¥ 31,500/ton and those in Kyushu works dropped by ¥ 500/ton to ¥ 33,000/ton.

Tokyo Steel’s scrap purchasing prices in Tahara works in Central Japan were at ¥ 32,500/ton, while those in Takamatsu steel center were at ¥ 31,500/ton.

The scrap purchasing prices at Utsunomiya works in northern Kanto have now dropped by ¥ 500/ton to ¥ 33,000/ton.

The company had cut the scrap purchasing prices by ¥ 500/ton for all arrivals beginning from October 3^rd.