Tag: tokyo steel price hike

Japan: Tokyo Steel raises scrap purchase prices by JPY 1,000/t ($6/t) across plants

Feb 21, 2026

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by

Ramavath Mounika

in Melting Scrap

Tokyo Steel increased its scrap purchase prices by JPY 1,000/t ($6/t), effective 21 Feb’26, marking its second hike this month. The revision applies to all plants except Takamatsu, where price changes remain suspended. The increase was driven by strong export demand, which tightened domestic scrap availability despite subdued local steel production.