Tokyo Steel announces further cut in scrap purchasing price

TOKYO (Scrap Monster): The country’s top producer of H-beams- Tokyo Steel has announced cut of ¥ 500/ton in scrap purchasing prices. The new prices will be effective for all deliveries to its works and scrap yards beginning Saturday, December 6^th, 2014.

Post cut, the average scrap purchasing price of H2 grade scrap now remain in the range ¥ 28,000~ ¥ 30,000/ton.

The scrap purchasing prices at Okayama works in Western Japan will be reduced by ¥ 500/ton to ¥ 28,000/ton and those in Kyushu will see a drop of ¥ 500/ton to ¥ 29,000/ton.

Tokyo Steel’s scrap purchasing prices in Tahara works in Central Japan will be ¥ 30,000/ton, while those in Takamatsu steel center on Shikoku Island will be reduced by ¥ 500/ton to ¥ 28,000/ton.

The scrap purchasing prices at Utsunomiya works in northern Kanto will continue to remain unchanged at ¥ 30,000/ton.