Tag: JPY exchange rate impact
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Japan: Kanto scrap export tender bids for Dec’24 drop by $16/t, hit nearly 4-year low
15,000-t H2 scrap sold to Chattogram-based buyer Bids fall on continued lack of demand, weak buying The Japanese Kanto H2 scrap export tender, which concluded today, saw a slight drop in bids, both in JPY and dollar terms. Dollar-denominated bids declined by $16/tonne (t) compared to November’s tender, driven by a cautious seaborne market. The…