SteelMint

South Korea: Hyundai Steel lowers bids for Russian scrap

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by

Deepika Singh
in
  • South Korean steel major, Hyundai Steel, has lowered bids for Russian ferrous scrap, as per SteelDaily reports.
  • The prices of Russian A3 scrap are now at $515/t CFR.
  • Prices have fallen by $34/t compared to a deal concluded towards end-Oct’21 by Dongkuk Steel.
  • Hyundai Steel has lowered bids amidst the global decline in scrap prices, SteelMint notes.

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