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09 Mar
11:02

Scrap prices continue ascent in Asia

A recent export tender for Japanese scrap reflected the strong market uptrend over the past month, Kallanish notes. In South Korea, Hyundai Steel raised its bid price for Japanese scrap and in Taiwan, container scrap import prices continued to strengthen. Toyota Tsusho posted the top two bids in the 9 March Kanto Tetsugen auction for scrap to be exported from Tokyo Bay. Its top bid was JPY 37,570/tonne ($352/t) fas for 10,000 tonnes of H2 gra…
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