Japan: Tokyo Steel keeps scrap purchase prices stable at all plants except Utsunomiya

Tokyo Steel kept its scrap purchase prices unchanged across most plants in its fourth price announcement for March, effective 18 Mar'26. Prices remained stable at all plants except at Utsunomiya, where they increased by JPY 500/t ($3/t), while price announcements for Takamatsu remained suspended. Firm global scrap market sentiment, rising freight costs, and ongoing Middle East tensions led to the steelmaker keeping prices stable.