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)