Japan’s Kanto steel scrap auction soars by nearly $80/t in December

Japan’s Kanto Tetsugen steel scrap auction closed at an increase of ¥8,105 ($78) per tonne month on month on Thursday December 10, in a move that has shocked market participants.

The two highest bids in the auction - which is a cooperative of scrap dealers in the Tokyo region - came in at ¥38,910 per tonne fas and ¥38,510 per...

Published

Lee Allen

December 10, 2020

12:11 GMT

Singapore