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Tokyo Steel lowers scrap charges to main works

March 03, 2014 - 04:18 GMT Location: Tokyo

KEYWORDS: Tokyo Steel , Japan , electric arc furnace , Japan Ferrous Raw Materials Assn

Tokyo Steel has further reduced its scrap purchase charges for deliveries to its main Utsunomiya works as prices continue to march firmly south.

Japan's largest electric arc furnace operator and de-facto benchmark price-setter cut its charges to Utsunomiya by ¥500 ($5) per tonne effective February 28 deliveries. This came two days after it reduced charges to its Utsunomiya, Tahara, Okayama and Takamatsu works by...

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