Tag: Japan’s Kanto scrap export tender bids hit nearly 2-year low amid JPY appreciation and weak demand

The Japanese Kanto H2 scrap export tender concluded today, showing a decline in bids in terms of JPY. Similarly, bids in dollar terms dropped by $23/t compared to August’s tender. This auction price marks the lowest level in nearly two years, since August 2022, reflecting a sharp decline of almost JPY 9,500/t from July to…