Japan’s monthly Kanto scrap export tender for Apr’22 was held today. A total of 10,000 t of scrap was awarded and the average price for H2 scrap stood at around JPY 67,010/t ($534/t) FAS, higher by JPY 3,500 ($28) m-o-m, SteelMint learnt from sources. Higher bids in today’s tender amidst currency depreciation and supply tightness raised the possibility of further hike in Japanese scrap export prices in near term.
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