Japanese scrap traders await results of scrap auctions

摘要

Japanese scrap dealers and exporters are keenly awaiting the result of this week's auctions for Japanese scrap for export next month, looking for signs of market improvement, traders told Platts on Monday. But they expected the winning bids in both auctions to be around Yen 25,000/mt (313 dollars) FAS, mostly the same as prices Korean mini-mills are currently offering-namely Yen 26,000-27,000/mt (325-338 dollars) FOB.