Japan: Tokyo Steel sets scrap prices for new Tokyo Bay yard

Tokyo Steel has announced scrap procurement prices for the third time this month, effective 13 Jun’25. Notably, it has introduced prices for its newly launched Tokyo Bay satellite yard for the first time, offering JPY 41,000/t ($285/t) for special grade scrap. The new yard aims to collect 20,000 t per month, enhancing procurement capacity in the Kanto region and promoting domestic scrap recycling.