South Korea: Hyundai Steel hikes bids for Japanese scrap by JPY 7,000/t ($60/t)

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South Korea’s Hyundai Steel hiked bids for Japanese scrap today by JPY 7,000/t ($60/t) against the last bid on 3 Mar’22.
Bids for H2 grade are now at JPY 63,500/t ($544/t), while for HS grade bids are at JPY 68,500/t ($587/t) FOB.
The prices are rising due to high uncertainty in the global scrap market and the surge in Kanto export tender bids.

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