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13 Jun
10:23

Japanese scrap export tender softens slightly on-month

Kanto Tetsugen's monthly export tender for Japanese scrap from Tokyo Bay reflects a slight downturn in the market, Kallanish notes. MM & Kenzai Corp clinched a 10,000-tonne cargo at JPY 34,000/tonne ($307/t) fas for H2 grade scrap in the scrap grouping's 13 June tender. This is JPY 245/t lower than last month’s tender average award price of JPY 34,245/t . Traders estimate that the latest Kanto H2 price is equivalent to JPY 35,000…
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