According to market sources, the highest bid in the scrap tender held by Japan-based Kanto Tetsugen reached the level of JPY 32,000/mt ($282/mt) FAS for 10,000 mt of H2 grade scrap. In addition, the second highest bid in the tender was at JPY 31,800/mt ($280/mt) FAS for 5,000 mt of H2 grade scrap, while the third highest bid for the same amount of H2 grade scrap was at JPY 31,760/mt ($279/mt) FAS.
$1 = JPY 113.54