Higher Ferrous Export Scrap Price in Osaka

Kansai Tetsugen’s monthly ferrous scrap export tender price increased to FAS 66,300 yen per tonne from Osaka bay for H2 grade for July shipment on Friday, which was 17,750 yen higher than previous tender. The price decreased by 150 yen per tonne compared with Kanto Tetsugen’s export tender price in June 11. Both tender prices were higher level.Koden International concluded export tender at 5,000 tonnes for the shipment in June 23-July 23. All 15 eligible exporters submitted 15 bids. 2 exporters declined. The successful bids increased to average 64,650 yen per tonne by 18,615 yen or 40%. 3 bids were over 66,000 yen.Electric furnace steel makers’ ferrous scrap purchase price is 65,000-66,000 yen per tonne around Osaka.