The Japanese export price for heavy scrap (HS) remained high on Friday July 9 despite Kanto Tetsugen July auction prices falling month on month, sources told Fastmarkets.
Friday's auction by Kanto Tetsugen, which is a cooperative of scrap dealers in the Tokyo region, closed its monthly H2 grade scrap export price at a decrease of ?1,307 ($12) per tonne month on month, with the winning bid price at ?47,888 ($436) per tonne fas for a volume of 14,000 tonnes.Offers for HS from Japan were maintained at high levels despite the weaker Kanto Tetsugen tender results. Offers were heard at $600 per tonne cfr China...