Tag: Japan: Bids edge up by $7/t m-o-m at Kanto scrap export tender for Apr’24

Japan: Bids edge up by JPY 987/t m-o-m at Kanto scrap export tender for Apr’24; ; JPY depreciation devaluates export prices

Apr 11, 2024

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by

Anshuman

in Melting Scrap

Around 15,000 tonnes (t) of H2 scrap was sold at Japan’s Kanto export tender today at JPY 51,087/t ($333/t) FAS, marking a slight rise of JPY 987/t ($7/t) compared to the previous month. Although the dollar conversion of FAS price declined by $2-3/t m-o-m due to a sharp depreciation in JPY as against the US…