- South Korean steel major, Hyundai Steel, has reportedly lowered bids for Japanese ferrous scrap by up to JPY 1,000/t ($9) against the last bid placed on 9 Jul’21, SteelMint learnt from sources.
- Bids for the most-preferred H2 scrap are now at JPY 47,000/t ($428) FoB. The bids presented are down by JPY 500/t ($4) against last week’s bids placed by Daehan Steel.
- Bids for premium Japanese Shindachi bara scrap have settled at JPY 64,000/t FoB.
- Prices have declined on the back of lower bids and decline in global prices.
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