TEX reported that Japan's largest electric steelmaker Tokyo Steel Mfg Co has increased what the company pays for locally available ferrous scrap by JPY 500 to JPY 1,500 per tonne for the whole grades at all the company's facilities effective with January 10th 2013 arrivals.

A price increase of JPY 1,000 per tonne applies to seaborne overland arrivals at the Okayama and Kyushu works besides the Takamatsu steel center. Another price increase of JPY 1,500 per tonne applies to seaborne overland arrivals at the Tahara works. A third price increase of JPY 500 per tonne applies to overland arrivals at the Utsunomiya works.

As a result, the new delivered prices of No2 HMS are JPY 28,500 per tonne for seaborne overland arrivals at the Tahara works JPY 28,500 per tonne for seaborne overland arrivals at the Okayama works JPY 28,500 per tonne for seaborne overland arrivals at the Kyushu works JPY 29,000 per tonne for overland arrivals at the Utsunomiya works and JPY 27,500 per tonne for seaborne overland arrivals at the Takamatsu steel center.