Japan’s monthly Kanto Tetsugen ferrous scrap export tender for May’21 was concluded today. A total of around 15,150 t of Japanese H2 scrap was awarded at an average price of JPY 48,502/t ($446) FAS, rising by JPY 5,122/t ($47) m-o-m, SteelMint learned from its trade channels. Japanese scrap offers are expected to rise further in the near term as bids fetched in today’s tender are significantly higher than the prevailing market price.
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