Japan’s Scrap Export Tender Continues to Rise as Bangladesh Buying Lifts H2 Prices

Post Views: 214 Japan H2 scrap export Japan’s scrap export tender continues to rise after a sharp February increase driven by strong Bangladeshi demand. The latest auction from Kanto Tetsugen confirms firm export sentiment for H2 scrap. Market participants now reassess price direction across Asia. A total of 20,000 tonnes of H2 scrap cleared at ¥48,083 per tonne fas. The price marks a ¥1,312 increase from January levels. Notably, it represents the highest tender result since August 2024. On a fob basis, the price reaches ¥49,083 per tonne. The cargo will ship to Bangladesh in March. A Banglade...