Tag: yen exchange rate impact scrap

Japan’s February Kanto scrap tender marked its seventh consecutive increase, returning to levels last seen in June 2023, with bids up JPY 1,312/t ($8/t) m-o-m. A 20,000-t H2 cargo was awarded to a Chattogram-based mill at JPY 48,083/t ($309/t) FAS, equivalent to $315-318/t FOB and above $360/t CFR Chattogram. In dollar terms, the tender gained…