Tag: Japan: Tokyo Steel raises scrap purchase prices by JPY 1

Geopolitical tensions impacted market confidence Scrap availability reduced in local market Tokyo Steel increased its scrap purchase prices by JPY 1,000/t ($6/t) effective 3 March 2026, marking its first hike this month. The revision applies to all plants except Takamatsu, where prices remain unchanged. The increase was driven by strong export demand tightening domestic scrap…