FLASH: Kanto Tetsugen scrap export price falls again

The winning bid in Thursday's Kanto Tetsugen auction for Japanese H2 grade scrap for export until end-August was Yen 52,508/tonne FAS ($323/t), lower by a large Yen 1,998/t from the top price in last month's tender for current month shipments.

The reduction is the second in succession, though far larger than the tiny Yen 96/t retreat last month, as Mysteel Global reported. But the result is not a surprise as prior to the tender, held by the grouping of scrap dealers in the Tokyo, Yokohama and Saitama areas, market