Tokyo Steel lifts scrap prices first time in six weeks

Tokyo Steel Manufacturing, Japan's largest independent electric furnace steelmaker, has raised its scrap procurement prices by Yen 500-1,000/tonne ($4.7-9.4/t) at three of its four steel works effective from midnight March 1.

Tokyo Steel Manufacturing, Japan’s largest independent electric furnace steelmaker, has raised its scrap procurement prices by Yen 500-1,000/tonne ($4.7-9.4/t) at three of its four steel works effective from midnight March 1. The increases apply to scrap delivered from Friday to three of its four works and marked the mini-mill’s