Tag: JPY appreciation impact on scrap exports

Japan: H2 scrap export offers dip by JPY 700/t w-o-w following Kanto tender, Tokyo Steel price cuts

Apr 11, 2025

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by

Kanishka Chhabria

in Melting Scrap

Weak demand from Vietnam pressures H2 tags Kanto tender sees $7/t price drop in Apr’25 Japan’s H2 scrap export market saw a notable downturn in early April, driven by sluggish overseas demand, currency fluctuations, and growing caution among exporters. The April Kanto Tetsugen tender concluded at JPY 43,288/t ($303/t) FAS, down JPY 938/t ($7/t) from…