Tag: Japan: Kanto H2 scrap export tender sees drop of $10/t m-o-m in Feb’25

The Kanto Iron and Steel Cooperative’s scrap export tender saw bids drop $10/t m-o-m (JPY 1,610/t) in Feb’25. The 15,000-t H2 lot was awarded to a Bangladeshi mill at JPY 43,200/t ($281/t) FAS. The drop in bids was due to limited activity, as buyers gradually returned from holidays. Seaborne demand remained thin, as buyers awaited…