Japan's largest electric steelmaker Tokyo Steel Mfg Co has increased what the company pays for locally available ferrous scrap by JPY 500 to JPY 1,000 per tonne for the whole grades at all the company's facilities, effective with December 21 arrivals.
A price increase of JPY 500 per tonne applies to seaborne/overland arrivals at the Tahara works and seaborne arrivals at the Okayama works. Another price increase of JPY 1,000 per tonne applies to overland arrivals at the Okayama works, seaborne/overland arrivals at the Kyushu works, overland arrivals at the Utsunomiya works, and seaborne/overland arrivals at the Takamatsu steel center.
As a result, the new delivered prices of No2 HMS are JPY 26,500 per tonne for seaborne/overland arrivals at the Tahara works; JPY 27,000 per tonne for seaborne/overland arrivals at the Okayama works; JPY 27,000 per tonne for seaborne/overland arrivals at the Kyushu works; JPY 28,000 per tonne for overland arrivals at the Utsunomiya works; and JPY 26,000 per tonne for seaborne/overland arrivals at the Takamatsu steel center.
