Tag: JPY depreciation

The Kanto Iron and Steel Cooperative’s Dec’24 scrap export tender saw a drop of $16/t (JPY 2,441/t) in bids. The downtrend continues amid cautious market sentiment, despite range-bound fluctuations in the currency. Bid prices for December were reported at $282/t (JPY 42,739/t) FAS, which stood at $298/t (JPY 45,180/t) in Nov’24. Sources indicate a booking…