TEX reproetd 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 1,000 per tonne for all grades at its five works, effective with March 30th 2010 arrivals, which indicates a sixth price increase since the beginning of March 2010.
As a result, the new delivered prices of No 2 HMS are JPY 40,000 per tonne for seaborne and overland arrivals at the Okayama works, JPY 38,500 per tonne for seaborne and overland arrivals at the Kyushu works, JPY 37,500 per tonne for seaborne and overland arrivals at the Takamatsu works, JPY 39,000 per tonne for overland arrivals at the Tahara works and JPY 39,000 per tonne for overland arrivals at the Utsunomiya works.
In this connection, the delivered price of No 2 HMS at the Okayama works marks a level of JPY 40,000 per tonne for the first time in nearly one year and six months since October 4th 2008.