South Korea: Hyundai Steel hikes bids for Japanese scrap

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Hyundai Steel has raised its bids for Japanese scrap today by JPY 1,000/t ($9/t) for H2 grade and JPY 1,500/t ($13/t) for Shindachi bara scrap compared to the last bid on 20 Jan’22.
Bids for H2 scrap are now at JPY 52,000/t ($453/t). Bids for HS scrap remain unchanged at JPY 60,000/t ($523/t) FOB.
Increased bids from Vietnam and tight supplies have led to rise in bids.

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