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12 Sep
18:16

Japanese scrap auction sees firm bidding

A monthly tender for Japanese scrap exports reflect firmer prices, Kallanish notes. The Kanto Tetsugen auction on Tuesday for scrap to be exported from Tokyo Bay attracted a highest bid of JPY 32,230/tonne ($294/mt) free-alongside ship, regional trading sources said. The next highest bid was from the same company, Sangyo Shinko, at JPY 32,220/t fas. Both lots were for 10,000 tonnes each. Yesterday's prices were higher than the previous month's tender …
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