Tag: Japan: Weak export demand and declining JPY push down bids in Nov’24 Kanto tender

Export markets cautious as buyers await clarity 15,000-t H2 scrap sold to Vietnam buyer The Japanese Kanto H2 scrap export tender, which concluded today, saw a slight drop in bids, both in JPY and dollar terms. Dollar-denominated bids declined by $3/tonne (t) compared to October’s tender, driven by a softening seaborne market. Approximately 15,000 tonnes…