Japan's largest electric steelmaker Tokyo Steel Mfg Co has increased what the company pays for locally available ferrous scrap by a uniform JPY 1,000 per tonne for all grades at all its facilities, effective with Dec 14 arrivals, which indicates the company's purchase price increase of local ferrous scrap for the first time in three and a half weeks since November 20.
As a result, the new delivered prices of No2 HMS are JPY 25,000 per tonne for seaborne/overland arrivals at the Tahara works; JPY 25,500 per tonne n for seaborne arrivals and JPY 25,000 per tonne for overland arrivals at the Okayama works; JPY 25,000 per tonne for seaborne/overland arrivals at the Kyushu works; JPY 26,000 per tonne for overland arrivals at the Utsunomiya works; and JPY 24,000 per tonne for seaborne/overland arrivals at the Takamatsu steel center.
