Japan: Bids in Kanto Tetsugen scrap export tender shoot up by $78 m-o-m in Dec

Kanto Tetsugen-Japan’s monthly ferrous scrap export tender for Dec ’20 was concluded today. A total of around 12,000 t of Japanese H2 scrap was awarded at an average price of JPY 38,710/t ($371) FAS, rising by JPY 8,105/t ($78) m-o-m, SteelMint learned from its trade channels. Tight availability and robust buying by Japanese domestic mills have pushed up Japanese scrap export prices.