Japan''s largest electric steelmaker Tokyo Steel Mfg Co has reduced what it pays for locally available ferrous scrap by a uniform JPY 500 per tonne for all grades at the company''s four works and Takamatsu steel center, effective with April 10th 2012 arrivals.
As a result, the new delivered prices of No2 HMS are JPY 35,000 per tonne for seaborne arrivals and JPY 34,500 per tonne for overland arrivals at the Okayama works; JPY 35,000 per tonne for seaborne arrivals and JPY 34,500 per tonne for overland arrivals at the Kyushu works; JPY 35,000 per tonne for seaborne overland arrivals at the Tahara works; JPY 34,000 per tonne for overland arrivals at the Utsunomiya works and JPY 32,500 per tonne for seaborne overland arrivals at the Takamatsu steel center.
( Source: steelguru.com)