- Japan’s March Kanto scrap export tender recorded its eighth consecutive increase, reaching levels last seen in March 2024, with bids rising JPY 2,038/t ($13/t) m-o-m.
- A 20,000-t H2 cargo was awarded to a Chattogram-based mill through a Japanese trading house at JPY 50,121/t ($317/t) FAS, equivalent to about $322-325/t FOB Japan or above $390-395/t CFR Chattogram.
- In dollar terms, the tender gained around $8/t, supported partly by a weaker-yen, which depreciated from JPY 156.1/$ on 10 February to JPY 158.23/$ on 11 March.
Japan: March Kanto scrap tender rises for eighth straight month
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