Tokyo steel cuts scrap purchase price at Tahara works

TOKYO (Scrap Monster): The country’s top producer of H-beams- Tokyo Steel has announced further cut of ¥ 500/ton in scrap purchasing prices at Tahara works. The new prices will be effective for all deliveries beginning Thursday, January 15^th, 2015. This is the third consecutive cut in the past ten days. Earlier, the company had announced cut of ¥ 500/ton each on Jan 7^th and Jan 10^th.

Post cut, the average scrap purchasing price of H2 grade scrap now remain in the range ¥ 23,500~ ¥ 26,500/ton.

The scrap purchasing prices at Okayama works in Western Japan will remain at ¥ 24,000/ton and those in Kyushu will be ¥ 24,000/ton.

Tokyo Steel’s scrap purchasing prices in Tahara works in Central Japan will be reduced by ¥ 500/ton to ¥ 26,500/ton, while those in Takamatsu steel center on Shikoku Island will be ¥ 23,500/ton.

The scrap purchasing prices at Utsunomiya works in northern Kanto will be ¥ 26,500/ton. Many electric furnace mills in the region have cut their scrap purchase price by ¥ 500/ton, following Tokyo steel’s decision to lower the prices.