Tokyo Steel has announced to cut its scrap purchasing price by JPY 500 to JPY 1,000 per tonne.
The company's scrap purchasing price is in the range of JPY 28,500 to JPY 30,000 per tonne. The price cut is as same as expectation.
Taiwan's scrap price is very likely to drop as well today
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Saturday, July 10, 2010
Tokyo Steel cuts scrap purchasing price by up to JPY 1000 a tonne
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