Tag: Japan’s Kanto scrap export tender bids for Jul’24 down by $4/t m-o-m on JPY depreciation

At Japan’s Kanto export tender today, approximately 14,000 tonnes (t) of H2 scrap were sold at JPY 52,168/t ($323/t) FAS, reflecting an increase of JPY 804/t ($5/t) from the previous month. On the other hand, after the dollar conversion, the FAS price fell by $4/t m-o-m as compared to JPY 51,364/t ($327/t) in June 2024…