Japan: Scrap market remains soft as Tokyo Steel holds finished prices steady

The Japanese scrap market remained weak, with stable supply but lower demand amid summer production cuts and sluggish export interest. Tokyo Steel’s scrap purchase prices ranged within JPY 38,000-40,500/t ($257-274/t) against JPY 38,000-41,000/t ($257-278/t) earlier, with minimal recovery expected. Meanwhile, Tokyo Steel kept August’s finished prices steady for a third month. Imported steel offers dipped in dollar terms but were flat in JPY.