• Tokyo Steel raises scrap buy prices
• Japanese material unaffordable to buyers in China
• Taiwanese buyers bid higher
Tokyo Steel, Japan’s largest operator of electric-arc furnaces, announced another rise in its domestic scrap purchase prices by ¥1,000-3,000 ($8.75-26.25) at all its works on Monday October 18. That was the fourth increase in October.
Effective October 19, Tokyo steel will pay ¥56,000 per tonne for H2 scrap delivered to Tahara works, ¥55,000 per tonne at Okayama works and ¥56,000 per tonne at Kyushu works. It will also pay ¥54,000 per tonne at Utsunomiya works and ¥52,000 per tonne...