South Korean steel major Hyundai Steel has increased bids for high-grade Japanese ferrous scrap by up to JPY 7,500/t ($68) against the last assessment on 24 Jun’21, as per SteelMint reports.
- Bids for Shindachi bara grade scrap have settled at JPY 64,500/t FoB, up by JPY 7,500/t.
- Bids for shredded scrap have increased by JPY 3,000/t to JPY 58,000/t FoB
- Higher demand from Korean mills resulted in a rise in bids and the price gap between H2 and Shindachi bara has widened to JPY 16,500/t from the earlier JPY 9,000/t.
Leave a Reply