Japan: Tokyo Steel raises scrap purchase prices by up to JPY 2,500/t ($16/t)across plants following Kanto tender increase

• Price hike announced across multiple Tokyo Steel plants
• Increase follows firm export and domestic scrap sentiment

Tokyo Steel increased its scrap purchase prices across most plants, effective 12 Mar’26, marking its third price revision this month. Prices were raised by JPY 2,000/t ($13/t) at Tahara, Nagoya, Okayama, Kyushu, Utsunomiya, and Tokyo Bay plants, while the Kansai plant saw a higher increase of JPY 2,500/t ($16/t).

The revision follows the continued rise in Japan’s export market, with the March Kanto scrap export tender recording its eighth consecutive increase. Firm global scrap sentiment, rising freight costs, and escalating Middle East tensions have supported domestic scrap prices, prompting the steelmaker to raise its purchase prices.