- South Korea’s Donkuk Steel has booked 40,000 t of Russia-origin A3 grade scrap at $549/t CFR. A 30,000 t of US-origin bulk scrap HMS 1 cargo was booked at $542/t CFR for Nov-Dec’21 arrival, as per Steel Daily reports.
- Prices have increased by around $15/t compared to previous bookings.
- The contract is expected to help the company alleviate the shortage in scrap supply.
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