Market Price Fluctuation Risk for Ferrous Scrap, Non-Ferrous Metals and Other Products

「Steel scrap prices rose from ¥50,000 per ton at the beginning of the period (Tokyo Steel Manufacturing Co., Ltd. Utsunomiya Plant premium price) and, amid tight supply and demand due partly to persistently low volumes generated in the market, continued on an upward trend to reach ¥54,000 per ton at the end of June 2026.」

「Ferrous scrap prices remained flat after starting the fiscal year at ¥41,000 per ton (special-grade price at the Utsunomiya plant of TOKYO STEEL MANUFACTURING CO.,LTD.), then softened to ¥39,500 per ton in September against a backdrop of the trend toward a stronger yen and weaker demand. They subsequently turned upward as the yen weakened, and continued to rise amid higher export prices and other factors, reaching ¥50,000 per ton as of the end of March 2026.」

「Ferrous scrap prices, which stood at ¥41,000 per ton at the beginning of the fiscal year (special-grade price at the Utsunomiya plant of TOKYO STEEL MANUFACTURING CO.,LTD.), followed a gradual downward trend amid balanced supply and demand, despite firm exports, as domestic demand remained sluggish, reaching ¥39,500 per ton at the end of September 2025.」

「Ferrous scrap prices remained flat after starting the fiscal year at ¥51,500 per ton (special-grade price at the Utsunomiya plant of TOKYO STEEL MANUFACTURING CO.,LTD.), then fell to ¥38,500 per ton in September due to the trend toward a stronger yen and weaker demand. They subsequently recovered slightly as the yen weakened again, and remained flat thereafter at ¥41,000 per ton as of the end of March 2025.」

「Ferrous scrap prices remained flat after starting the fiscal year at ¥51,500 per ton (special-grade price at the Utsunomiya plant of TOKYO STEEL MANUFACTURING CO.,LTD.), then fell sharply from August to September due to the shift toward a stronger yen and weaker demand, reaching ¥38,500 per ton at the end of September.」

「Ferrous scrap prices declined from ¥53,000 per ton at the beginning of the fiscal year (special-grade price at the Utsunomiya plant of TOKYO STEEL MANUFACTURING CO.,LTD.) due in part to overseas market conditions, but limited scrap supplies to domestic steelmakers provided price support, bringing the price to ¥51,000 per ton at the end of December 2023.」

「Ferrous scrap prices were ¥48,500 per ton in July 2023 (special-grade price at the Utsunomiya plant of TOKYO STEEL MANUFACTURING CO.,LTD.) but reached ¥51,000 per ton at the end of September 2023 as export volumes remained firm and the weaker yen provided support.」

「Ferrous scrap prices, which stood at ¥53,000 per ton at the beginning of the fiscal year (special-grade price at the Utsunomiya plant of TOKYO STEEL MANUFACTURING CO.,LTD.), continued to decline under the influence of overseas market conditions. However, they remained firm because the volume generated in the market was sluggish, reaching ¥48,500 per ton at the end of June 2023.」

「Ferrous scrap prices continued to trend downward after peaking in late April 2022, falling to ¥41,000 per ton at the end of July (special-grade price at the Utsunomiya plant of TOKYO STEEL MANUFACTURING CO.,LTD.), before recovering to ¥50,000 per ton at the end of September due to increased overseas demand and other factors.」

「Ferrous scrap prices had remained high as demand increased due in part to efforts toward a decarbonized society. However, logistics disruptions caused by China's lockdowns and other factors reduced demand for steel products and ferrous scrap in Asia, causing prices to fall from ¥64,500 per ton at the beginning of April 2022 (special-grade price at the Utsunomiya plant of TOKYO STEEL MANUFACTURING CO.,LTD.) to ¥51,000 per ton at the end of June.」

「The prices of ferrous scrap and nonferrous metals, which are raw materials and products or merchandise in our Group's resource recycling business, are affected by resource prices such as iron ore and copper ore prices, as well as metal product prices.」