Japan’s monthly Kanto Tetsugen ferrous scrap export tender for Apr’21 was concluded today. A total of around 20,000 t of Japanese H2 scrap was awarded at an average price of JPY 43,380/t ($397) FAS, rising by JPY 404/t ($4) m-o-m, SteelMint learned from its trade channels. Japanese scrap offers are expected to rise further in the near term as bids fetched in today’s tender are higher than the prevailing market price.
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