Tag: Japan’s January Kanto scrap tender logged its sixth consecutive increase

Japan’s January Kanto scrap tender logged its sixth consecutive increase, reaching a level last seen in May’23, with bids up JPY 1,083/t ($7/t) m-o-m. A 20,000-t H2 cargo was awarded to a Chattogram-based mill at JPY 46,771/t ($298/t) FAS, translating to around $305/t FOB and $345-350/t CFR. In dollar terms, the gain was limited to…