Japan's largest electric steelmaker Tokyo Steel Mfg Co has reduced what the company pays for locally available ferrous scrap by a uniform JPY 500 per tonne for all grades at its five works, effective with October 27th 2011 arrivals.

As a result, the new delivered prices of No2 HMS are:
JPY 29,500 per tonne for seaborne overland arrivals at Okayama works
JPY 29,500 per tonne for the corresponding arrivals at Kyushu works
JPY 29,000 per tonne for the corresponding arrivals at Tahara works
JPY 29,000 per tonne for overland arrivals at the Utsunomiya works
JPY 28,000 per tonne for the corresponding arrivals at Takamatsu works

(Sourced from TEX Report Limited)