Tokyo Steel cuts scrap pricefor 2nd time in October

摘要

Japan’s Tokyo SteelManufacturing has cut buying prices forall grades of scrap delivered to its steelworksby Yen 500/mt ($4/mt) effectiveWednesday morning, the company saidlate Tuesday.It was Tokyo Steel’s second reductionsince October 1 and took the mini-mill’stotal cut this month to Yen 1,000-1,500/mt depending on works.