Japanese H2 Kansai scrap auction ticks down marginally, prices up in dollar terms

Friday, 18 January 2019 23:41:56 (GMT+3)   |   San Diego

On December 19, SteelOrbis reported December Kansai Tetsugen scrap auction monthly average bid results for H2 at approximately JPY 28,900/mt ($258/mt) FAS Japan.

Sources inform SteelOrbis that average prices in the recent January Kansai Tetsugen scrap auction marginally ticked down by JPY 200/mt to approximately JPY 28,700/mt ($261/mt) FAS Japan. Due to currency improvements of the JPY against the dollar, the monthly average price in the auction increased $3/mt.

USD = JPY 112.14 (Dec 19)

USD = JPY 109.84 (Jan 18)

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