Japan: Tokyo Steel hikes scrap price after 8 months

The company has raised scrap purchase price by JPY 500/MT (USD 5).
Japan's leading EAF mill - Tokyo Steel has hiked its domestic scrap purchase bids by JPY 500/MT (USD 5) at all of its 5 works. The said price hike comes after 8 months of the continuous downtrend in prices during which the bids came down successively by a total of JPY 12,000-13,000/MT. New prices


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