Tag: Japan: Kanto H2 scrap tender down by JPY 938/t ($7/t) in Apr’25

Japan: Kanto H2 scrap tender down by JPY 938/t ($7/t) in Apr’25

Apr 9, 2025

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by

Anshuman

in Melting Scrap

The Kanto Tetsugen ferrous scrap export tender for April awarded a 15,000 t H2 lot at JPY 43,288/t ($297/t) FAS, down JPY 938/t and $7/t from March. The modest strengthening of the JPY (145.3 vs 147.6) m-o-m against USD, coupled with weak demand and falling billet prices in East Asia, weighed on export sentiment. A…