Japan's largest electric steelmaker Tokyo Steel Mfg Co increased what the company pays for locally available ferrous scrap by JPY 500 to JPY 1,000 per tonne at its five works, effective with September 10 arrivals, which indicates a third price increase since the beginning of September.

A price increase of JPY 500 per tonne applies to all grades of arrivals at the Okayama, Kyushu, Takamatsu and Tahara works. Another price increase of JPY 1,000 per tonne applies to all grades of arrivals at the Utsunomiya works.

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

JPY 36,500 per tonne for seaborne/overland arrivals at the Okayama works

JPY 37,500 per tonne for the corresponding arrivals at the Kyushu works

JPY 34,500 per tonne for the corresponding arrivals at the Takamatsu works

JPY 36,000 per tonne for seaborne arrivals and JPY 36,500 per tonne for overland arrivals at the Tahara works

JPY 36,500 per tonne for overland arrivals at the Utsunomiya works.

(Sourced from The TEX Report)