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 January 26th 2012 arrivals.

As a result, the new delivered prices of No2 HMS are
JPY 30,000 per tonne for seaborne overland arrivals at Okayama works
JPY 30,500 per tonne for the corresponding arrivals at Kyushu works
JPY 29,500 per tonne for corresponding arrivals at Takamatsu works
JPY 29,500 per tonne for the correspondent arrivals at Tahara works
JPY 31,000 per tonne for overland arrivals at the Utsunomiya works

(Sourced from TEX Report Limited)