Tag: Japanese yen appreciation

Japan: Kanto scrap prices fall below JPY 50,000/t ($317/t) as stronger JPY pressures domestic market

Aug 5, 2026

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by

Ramavath Mounika

in Melting Scrap

Domestic EAF mills follow Tokyo Steel’s price reduction Vietnam export values decline amid stronger Japanese yen Iron scrap purchase prices in Japan’s Kanto region continued to weaken this week, with H2 purchase prices by electric arc furnace (EAF) mills falling below JPY 50,000/t ($317/t) for the first time in nearly four months. The decline was…