TEX reported that Japan's largest electric steelmaker Tokyo Steel Mfg Co has increased what the company pays for locally available ferrous scrap by a uniform JPY 2,000 per tonne for all grades of material at its five works, effective with April 15th 2011 arrivals.
As a result, the new delivered prices of No2 HMS are JPY 41,000 per tonne for seaborne overland arrivals at the Okayama works, JPY 41,000 per tonne for the corresponding arrivals at the Kyushu works, JPY 39,000 per tonne for the corresponding arrivals at the Takamatsu works, JPY 41,000 per tonne for the corresponding arrivals at the Tahara works and JPY 39,000 per tonne for overland arrivals at the Utsunomiya works.
( Source: www.steelguru.com )