Posted on 25 Feb 2009
Tokyo Steel cuts H2 scrap purchase price
Japan's Tokyo Steel is cutting their H2 scrap purchase price by Yen 1,000-2,000/ton to the level of Yen 9,000-21,000/ton, first adjustment over the past three weeks.
Consequently, if calculated on base price of Yen20,000/ton and plus sea freight, Japan's offer on H2 scrap to Taiwan stays at US$240/ton.
