Japan Electric Furnaces Raise Ferrous Scrap Purchase Price

Tokyo Steel Manufacturing raised the purchase price of ferrous scrap by 1,000 yen per tonne in all iron works from Saturday, which raised the 4th in this month. The price for H2 grade is 34,000 yen per tonne delivered by sea, 33,500 yen delivered by land in Okayama iron works, 33,500 yen delivered by sea and land in Kyusyu iron works, 32,000 yen delivered by sea and land in Takamatsu iron works, 33,000 yen delivered by land in Utsunomiya iron works.The 4 makers in Tohoku area, Ito Seitetsujo’s Ishinomaki iron works, Tohoku Steel, JFE Bars 6 Shapes Corporation’s Sendai plant, Tohoku Tokyo tekko raised their purchase price of it by 1,000 yen per tonne to 27,400 yen for H2 grade from Saturday.In Osaka area, Kshiwada Steel increased the purchase price of it by 1,000 yen per tonne for turning scrap, by 500 yen for other scrap from Friday. Shin Kansai Steel raised the purchase price of it by 1,000 yen per tonne for turning scrap, by 500 yen for other scrap from Saturday.