- Hyundai Steel has raised bids for Japanese scrap today by JPY 3,000/t ($26/t) for H2 grade and JPY 1,000/t ($9/t) for HS grade material compared to the last bid on 27 Jan’22, sources informed SteelMint.
- Bids for H2 scrap are now at JPY 55,000/t ($476/t), while bids for HS scrap are at JPY 61,000/t ($527/t) FOB.
- Rise in bids in Kanto tender yesterday due to active bids from Vietnam have pushed Japanese scrap prices higher.
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