TEX reported that Japan's largest electric steelmaker Tokyo Steel Mfg Co increased what the company pays for locally available ferrous scrap by JPY 1,000 to JPY 2,500 per tonne for all grades at its five works, effective with Dec 10 arrivals.

A price increase of JPY 1,000 per tonne applies to overland arrivals at the Okayama and Utsunomiya works, and to seaborne overland arrivals at the Tahara works. A second price increase of JPY 1,500 per tonne applies to seaborne arrivals at the Okayama and to seaborne overland arrivals at the Takamatsu works. A third price increase of JPY 2,000 per tonne applies to overland arrivals at the Kyushu works. A fourth price increase of JPY 2,500 per tonne applies to seaborne arrivals at the Kyushu works.

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

JPY 31,500 per tonne for seaborne arrivals and JPY 30,500 per tonne for overland arrivals at the Okayama works

JPY 33,500 per tonne for seaborne arrivals and JPY 32,500 per tonne for overland arrivals at the Kyushu works

JPY 29,500 per tonne for seaborne overland arrivals at the Takamatsu works

JPY 30,500 per tonne for seaborne overland arrivals at the Tahara works and JPY 31,500 per tonne for overland arrivals at the Utsunomiya works

(Sourced from TEX Report Limited)