Japan's Kanto Tetsugen has secured a higher price at its ferrous scrap auction for December, which is likely to boost sentiment in the Asian market for the steelmaking raw material.
A total of 23,000 tonnes of H2 scrap were sold to two trading companies on Wednesday December 11 at the auction held by the cooperative of scrap dealers in Japan's most-industrialized region - 3,000 tonnes priced at ?26,100 ($240) per tonne, and two 10,000-tonne lots at ?25,760 per tonne.The average price of ?25,804 per tonne is ?1,497 per tonne higher than that secured at its November...