- South Korean steel major Hyundai Steel has slashed bids for Japanese ferrous scrap today by JPY 500-2,000/t ($4-18/t) for various grades compared to the last bid on 2 Dec’21.
- Bids are now at JPY 47,000 ($414/t) FOB Japan for H2 grade scrap, lower by JPY 500/t.
- Bids by Hyundai Steel have declined further after yesterday’s Kanto tender remained inconclusive.
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