Author: Kanishka Chhabria

The Kanto Iron and Steel Cooperative’s Jan’25 scrap export tender saw bids rise $13/t m-o-m (JPY 2,071/t). The 15,000-t H2 lot was awarded to a Bangladeshi mill at JPY 44,810/t ($283/t) FAS. Despite limited buying interest for Japanese H2, the tender attracted higher bids. Bangladeshi buyers’ active participation, driven by domestic scrap shortages, improved LC…