Posted on 12 Mar 2025
The Kanto Tetsugen monthly Japanese scrap export tender saw prices increase on Tuesday compared with February, Kallanish learns.
In the tender, Toyota Tsusho Material was awarded 15,000 tonnes of Japanese H2 grade scrap for shipment by 30 April at JPY 44,226/t ($299/t) fas, or about $306/t fob Japan.
The award price is JPY 1,026/t higher than last month’s tender held on 12 February. The tender attracted a total of 17 bids amounting to 138,900t.
The cargo for the 11 March tender is expected to be shipped to Vietnam or Bangladesh.
Meanwhile, Tokyo Steel has maintained its H2 purchase price at Utsunomiya works at JPY 40,000/t.
Source:Kallanish
