Tokyo Steel raises scrap buying prices

Japan's leading independent mini-mill, Tokyo Steel Manufacturing, announced late Monday to raise procurement prices of all grades of scrap by Yen 500-1,000/tonne ($4.7-$9.4/t) on delivery to two of its four works, effective on March 13, according to a company post.

Japan’s leading independent mini-mill, Tokyo Steel Manufacturing, announced late Monday to raise procurement prices of all grades of scrap by Yen 500-1,000/tonne ($4.7-$9.4/t) on delivery to two of its four works, effective on March 13, according to a company post.With the increases, Tokyo Steel is now paying Yen 42,000/t