Tag: Japan: Stronger JPY and muted overseas demand pull Kanto export scrap tender back to Feb-Mar’26 levels

Successful bid price declines JPY 3,422/t m-o-m to JPY 49,086/t FAS Appreciating yen erodes export competitiveness as SEA buying remains cautious Tokyo Steel cuts scrap prices for the seventh consecutive time since the previous tender Japan’s August Kanto export scrap tender concluded at an average winning bid of JPY 49,086/t FAS ($309.87/t), down JPY 3,422/t…