South Korea’s Hyundai Steel raises bid for Japanese scrap by JPY 2,500 ($24)

South Korean mill – Hyundai Steel has hiked its bids for Japanese scrap today, SteelMint learned from its sources. Bids have increased by JPY 2,500/t ($24) against last bids placed in mid-Oct’20. However, the company did not place any bid for H2 scrap this time. Tight availability of scrap has pushed up global scrap offers.