On February 13, SteelOrbis reported that the monthly Kanto Tetsugen scrap auction encountered an average for the top winning bids at approximately JPY 32,000/mt ($288/mt) FAS.
Sources report that Japanese H2 scrap in the latest monthly Kanto Tetsugen Tender in March trended up to approximately JPY 34,000/mt ($306/mt), up $18/mt. In a year-on-year analysis, the Kanto Tetsugen H2 scrap average of the top bids in March 2019 is lower by JPY 3,520/mt or $46/mt this month compared to the average of the top bids of JPY 37,520/mt ($352/mt) FAS in March 2018.
USD = JPY 106.50 (Mar 12, 2018)
USD = JPY 110.93 (Feb 13)
USD = JPY 111.29 (Mar 12)