Japan: Kanto H2 scrap tender rises JPY 1,026/t ($7/t) in Mar’25, up $20/t in USD terms

The Kanto Iron and Steel Cooperative’s scrap export tender in March 2025 saw bids rise by JPY 1,026/t m-o-m ($7/t). A 15,000 t H2 lot was sold at JPY 44,226/t ($301/t) FAS. The price increase was mainly driven by a strengthening JPY against USD. In USD terms, bids rose by $20/t m-o-m, from $281/t in Feb’25 to $301/t FAS. The winning bid this time was secured by Bangladesh.