Tokyo Steel has raised scrap purchase prices by JPY 1,000/t ($6/t) across all plants, effective 12 May 2026, taking prices to JPY 54,000/t ($343/t), while price announcements for the Takamatsu plant remain suspended.
The latest revision follows strong results from the recent Kanto export tender and reflects firm domestic scrap market conditions, supported by robust mill buying interest, tight scrap availability and steady export demand. Firm overseas steel prices and elevated freight costs also continued to support the upward trend.
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