South Korea’s Hyundai Steel books Russian scrap cargo after a month’s time

Hyundai Steel has signed an import contract for 80,000 t bulk scrap cargo for Russian A3 grade scrap recently, as per Steel Daily. The deal was concluded at $303/t CFR Korea, higher by $38/t against last deal concluded at $265/t CFR basis towards mid of Aug’20. Prices have increased on monthly basis on supply tightness.