Tag: Japan: EAF mills extend scrap price cuts as export weakness pressures domestic market

Move comes amid JPY 2,000/t drop in July Kanto Tetsugen tender price Collectors also reduce buying prices, expecting continued export weakness Japan’s electric arc furnace (EAF) steelmakers continued to reduce domestic scrap procurement prices during the week ended 22 July 2026 as weak export demand and softer market sentiment weighed on buying activity. Purchase prices…