Japan H2 scrap prices expected to fall after Kanto Tetsugen auction closes lower

More price falls are expected for Japanese H2 scrap in Asia after the Kanto Tetsugen scrap auction closed lower today, Wednesday October 9.

The October auction concluded at an average price of ¥22,293 ($208.03) per tonne on a free alongside ship (fas) basis this week, down ¥2,556 per tonne from last month.

A total of 21,100 tonnes was awarded to five buyers. The first buyer was awarded 5,000 tonnes at ¥23,100 per tonne fas, while the second buyer was awarded 5,000 tonnes at ¥22,300 per tonne fas. The third buyer was awarded 3,000 tonnes at ¥22,050 per tonne fas, while...

Published

Paul Lim

October 09, 2019

11:05 GMT

Singapore