• Japan's April Kanto scrap export tender rose for the ninth consecutive month to JPY 54,329/t ($342/t) FAS, up JPY 4,208/t ($27/t) m-o-m, approaching March 2023 levels (JPY 55,438/t)--marking a near three-year high.
• A 10,000 t H2 cargo, won by a Japanese trading company, equals $348-350/t FOB Japan. In dollar terms, gains of $25/t were supported by a weaker yen (158.7 on 9 Apr vs 158.2 on 11 Mar).
• However, Bangladesh buyers remain cautious due to high freight, with cargo likely redirected to Vietnam or Bangladesh depending on workable levels.

Tokyo Steel has increased scrap purchase prices across all its plants in its latest price revision, effective 7 Apr'26. Prices rose by JPY 1,000/t ($6/t) across all plants, with Tahara, Nagoya, Okayama, Kansai, Kyushu, Utsunomiya, and Tokyo Bay yard all reaching JPY 51,000/t ($320/t). Price announcements for Takamatsu remained suspended. The increase reflects continued firm domestic demand and supportive trends in overseas markets.