Tag: Japan: Kanto’s Mar’24 tender sees sharp $20/t drop amid downtrend in global scrap prices

Around 5,000 tonnes (t) of H2 scrap were secured in the recent Japanese Kanto export tender, at JPY 50,100/t ($340/t) on a FAS basis, marking a significant decline of JPY 2,987/t ($20/t) compared to the previous month. The FOB price is estimated to be around JPY 52,000-52,500/t ($352-356/t), equivalent to INR 29,445/t (FOB). The shipment…