Posted on 01 Jul 2015
This is the second round of cuts being announced by the company in the past one week. Earlier on June 27th, the company had lowered the scrap purchasing prices by ￥ 500/ton-￥ 1,000/ton.
Post cut, H2 scrap purchasing prices at various works averaged between ￥ 24,000/ton and ￥ 25,500/ton.
The scrap purchasing prices at Okayama works in Western Japan will be cut by ￥ 500/ton to ￥ 24,500/ton and those in Kyushu works in Western Japan will be ￥ 25,500/ton.
Tokyo Steel’s scrap purchasing prices in Tahara works in Central Japan will be ￥ 25,500/ton, while those in Takamatsu steel center on Shikoku Island will be reduced ￥ 500/ton to ￥ 24,000/ton.
