Tag: electric arc furnace scrap
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Japan: Weaker domestic prices, subdued export demand pull Kanto scrap tender to five-month low despite stronger JPY
Successful bid price declines JPY 3,422/t m-o-m to JPY 49,086/t FAS Appreciating yen erodes export competitiveness as SEA buying remains cautious Tokyo Steel cuts scrap prices for the seventh consecutive time since the previous tender Japan’s August Kanto export scrap tender concluded at an average winning bid of JPY 49,086/t FAS ($309.87/t), down JPY 3,422/t…