In June, the average export tender price achieved at the Kansai Tetsugen scrap auction was reported by SteelOrbis at JPY 28,000/mt ($258/mt) FAS Japan. Sources inform SteelOrbis that prices increased during the July tender to around JPY 28,800/mt ($265/mt) FAS Japan, up $7/mt month-on-month. The Kansai scrap export tender had been dormant for four months in 2019 from February to May.
USD = JPY 108.56 (Jun 15)
USD = JPY 108.83 (Jul 29)