South Korean steel major Hyundai Steel has lowered its bids for Russian bulk scrap by $10/t, as per latest reports tracked by SteelMint. At present, bids for A3 Russian scrap are at $488/t, CFR, down against the last deal finalised on 25 May. In addition, the company was bidding lower for Japanese scrap by $27/t yesterday against the last bids presented on 20 May.
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