Tokyo steel's H2 scrap purchasing prices up

TOKYO (Scrap Monster): The country’s top producer of H-beams- Tokyo Steel has announced further hike of ¥ 500/ton in scrap purchasing prices. The new prices will be effective for all deliveries to its works and scrap yards beginning Tuesday, May 26^th, 2015. This is the second consecutive hike during the month. Earlier, the company had raised its scrap purchasing prices on May 20^th by ¥ 500/ton for all grades of ferrous scrap delivered to its entire works.

Post hike, the average scrap purchasing price of H2 grade scrap now remain in the range ¥ 24,000~ ¥ 26,500/ton.

The scrap purchasing prices at Okayama works in Western Japan will be hiked by ¥ 500/ton to ¥ 24,500/ton and those in Kyushu will be at ¥ 25,000/ton.

Tokyo Steel’s scrap purchasing prices in Tahara works in Central Japan will be ¥ 25,500/ton, while those in Takamatsu steel center on Shikoku Island will be hiked by ¥ 500/ton to ¥ 24,000/ton.

The scrap purchasing prices at Utsunomiya works in northern Kanto will be now ¥ 26,500/ton.