Japan: Kanto scrap export tender for Dec’24 sees drop in bids

The Kanto Iron and Steel Cooperative’s Dec’24 scrap export tender saw a drop of $16/t (JPY 2,441/t) in bids.

• The downtrend continues amid cautious market sentiment, despite range-bound fluctuations in the currency.

• Bid prices for December were reported at $282/t (JPY 42,739/t) FAS, which stood at $298/t (JPY 45,180/t) in Nov’24. Sources indicate a booking volume of 15,000 t.