Japan’s monthly Kanto scrap export tender for Mar’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 63,510/t ($548/t) FAS, higher by JPY 7,665 ($66) m-o-m, SteelMint learnt from sources. Higher bids in today’s tender amidst global rally indicate a sharp hike in Japanese scrap export prices in the near term.
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