South Korea: Hyundai Steel raises bids for some grades of Japanese scrap

South Korean steel major Hyundai Steel has presented bids for H1 and H2 grade ferrous scrap higher by JPY 1,000/t ($9) against the last assessment on 9 Jun’21, as per SteelMint reports. Bids for H2, the most preferred Japanese scrap, have been settled at around JPY 48,000/t, CFR. However, the company kept bids for higher grade scrap unchanged after the hike last week. Higher demand from Korean mills prompted the rise in bids.