JAPAN STEEL SCRAP: Market eagerly awaits late-week Kanto auction

Prices for exported steel scrap cargoes from Japan were largely unchanged over the past week amid holidays in South Korea and Taiwan, together with the upcoming Kanto Tetsugen auction.

Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan was ?27,000-28,000 ($256-265) per tonne on Wednesday October 7, unchanged week on week.
Offers were largely flat at ?28,000-28,500 per tonne fob to Vietnamese buyers, while H1:H2 (50:50) was offered to Taiwan at ?28,500 per tonne fob, up about ?500 per tonne week on week.
Vietnamese mills were heard to have purchased H2 at $295-298 per tonne cfr over the last week, which sources said was equal to ?27,500-28,000 per tonne fob Japan.

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