South Korea: Steel mills book over 90,000 t of Japanese scrap at increased offers

South Korean mills have booked Japanese bulk scrap cargo on bid presented by Hyundai Steel towards the closing of last week, according to Steel Daily. Hyundai Steel has booked around 60,000 t, whereas Dongkuk steel has concluded deal for 32,000 t of Japanese H1 and H2. The deal price was reported around JPY 40,000/t FoB for Japanese H2. Last week, Hyundai Steel had raised bids for Japanese scrap by JPY 6,500/t ($63) w-o-w.