Tag: Japan: Kanto scrap tender hits three-year high and extends gains for ninth straight month

Japan’s April Kanto scrap export tender rose for the ninth consecutive month to JPY 54,329/t ($342/t) FAS, up JPY 4,208/t ($27/t) m-o-m, approaching March 2023 levels (JPY 55,438/t)–marking a near three-year high. A 10,000 t H2 cargo, won by a Japanese trading company, equals $348-350/t FOB Japan. In dollar terms, gains of $25/t were supported…