Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Japan's ferrous scrap export price falls $18/mt on month in June tender

Commodities | Agriculture | Biofuels | Grains | Sugar | Natural Gas | Oil | Crude Oil | Shipping | Tankers | Coronavirus

Market Movers Americas, July 13-17: NYMEX RBOB returns to backwardation, but coronavirus threatens gasoline demand recovery

Jet Fuel

Platts Jet Fuel

Capital Markets | Commodities | Electric Power | Natural Gas

Mexican Energy Conference, 24th

Agriculture | Grains | Coal | Thermal Coal | Metals | Petrochemicals

Drybulk shipping Q3 outlook: COVID-19 resurgence tempers Q3 optimism

Japan's ferrous scrap export price falls $18/mt on month in June tender

Tokyo — The highest winning bid for Japanese H2 grade ferrous scrap for export from Tokyo Bay by end July was for 5,200 mt at Yen 29,150/mt ($268/mt) FAS, down Yen 1,950/mt ($18/mt) from the highest winning bid in the previous monthly tender in May, organizer Kanto Tetsugen, a group of scrap distributors around Tokyo, said Tuesday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The second winning bid was for 5,000 mt at Yen 29,150/mt FAS, the third for 5,000 mt at Yen 29,020/mt FAS and the fourth for 5,100 mt at Yen 28,550/mt FAS. On average, the winning bids averaged Yen 28,967/mt FAS, down Yen 1,343/mt from the average of May's winning bids.

The tender held Tuesday attracted 17 bids for a total 103,800 mt of scrap, with the bids averaging at Yen 28,147/mt FAS.

"The supply-demand balance of scrap in Kanto has softened; some mini-mills are limiting their acceptance of scrap arrivals and we expect Japanese scrap prices to fall further," a Kanto Tetsugen official said.

A Tokyo-based scrap trader said the winning bids Tuesday were close to the prices that traders were currently paying to collect scrap for export. "These parcels may be used to fill winners' backlog orders, which were booked at around Yen 30,000/mt FOB," he said. Japanese traders are currently paying around Yen 28,500-29,000/mt FAS to collect H2 material to be exported from Tokyo Bay area, traders in Tokyo said.

S&P Global Platts last assessed Japanese H2 grade ferrous scrap loading from Tokyo Bay at Yen 30,000/mt FOB last Tuesday, unchanged from the week before.

--Yoko Manabe,

--Edited by Wendy Wells,