Japan Ferrous Scrap Export Price Hits FAS 32,433 yen/t

At ferrous scrap export tender (April contract, shipping time limit:June 15th), Kanto Tetsugen held on 9th, average contract price of H2 increased by 1,533 yen from the previous time to FAS 32,433 yen per ton. It exceeded ferrous scrap exporters’ purchase price, around FAS 31,000 yen, and Kanto Tetsugen judges the result the anticipation of a rise.