TEX reported that Japan's largest electric steelmaker Tokyo Steel Mfg Co has reduced 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 October 13th 2011 arrivals.

As a result, the new delivered prices of No2 HMS are

JPY 33,000 per tonne for seaborne arrivals at the Okayama works
JPY 33,500 per tonne for corresponding arrivals at the Kyushu works
JPY 31,000 per tonne for corresponding arrivals at Takamatsu works
JPY 32,500 per tonne for overland arrivals at the Utsunomiya works
JPY 32,000 per tonne for seaborne arrivals and JPY 32,500 per tonne for overland arrivals at Tahara works

(Source from TEX Report Limited)