Tag: US China trade scrap
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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.…