Tokyo Steel raises Kanto region domestic scrap bids

摘要

Singapore—Japan’s domestic scrap prices edged higher as Tokyo Steel Manufacturing, its leading electric arc furnace mill, announced an increase in its listed scrap bids in the Kanto region, putting a stop to a flurry of cuts made since June 25, according to the company’s published figures. H1, H2 and Shindachi grade bids were raised by Yen 500/mt ($4.70/ mt) for only its Utsunomiya mill effective July 17, while buying prices for the other three mills remained unchanged.