Tag: Japan’s Kanto scrap export tender bids for Oct’24 rebounds amid JPY appreciation and positive outlook

The Japanese Kanto H2 scrap export tender, which concluded today, saw a significant rebound in bid prices, both in JPY and USD terms. Dollar-denominated bids increased by $20/t compared to September’s tender. This marks the first upward shift in export bids in three months. In September 2024, the auction price hit a two-year low, but…