- South Korean steel major, Hyundai Steel, has reduced bids for Japanese ferrous scrap by JPY 1,500/t ($14) against the last bid placed on 29 Jul’21, sources confirmed.
- Bids for the most-preferred H2 scrap are now at JPY 45,500/t ($415) FoB.
- Bids for premium Japanese Shindachi bara scrap remain unchanged at JPY 64,000/t FoB ($584).
- Prices have move down on the back of lower bids and declining in global prices.
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