Tag: Trump tariff steel impact
-
Japan: Scrap prices drop on currency appreciation, weakening overseas markets
Tokyo Steel adjusts prices amid weaker exports Strong scrap inflows pressure domestic price levels Japan’s ferrous scrap market has been experiencing a downward trend, with a series of price reductions across several plants. On 22 April 2025, Tokyo Steel reduced its steel scrap purchase prices by JPY 500/t ($4/t) across sites, excluding the Utsunomiya plant.…