Japan: Bids at Kanto scrap tender drop by $19/t, m-o-m, in Nov’21

Japan’s bellwether monthly Kanto Tetsugen ferrous scrap export tender for Nov’21 was concluded today. The average price for H2 scrap stood at JPY 51,124/t ($453) FAS, SteelMint learnt from sources. The average bid fell by JPY 2,089 ($19), m-o-m. The bids have fallen following the decline in bids for Japanese scrap from Vietnamese and South Korean mills over the past couple of weeks.