South Korea: Hyundai Steel’s bids for Japanese scrap rebound by up to $22/t

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Hyundai Steel’s bids for Japanese scrap picked up sharply by JPY 2,500/t ($19) for H2 and by JPY 3,000/t ($22) for higher-grade scrap as against the last bids presented on 21 Jul’22.
Bids for H2 scrap are now at JPY 42,500/t ($315), while those for HS and shindachibara are at JPY 48,000/t ($355) FOB.
Hyundai Steel’s bids rebounded due to peak product season with mills having limited stocks in hand and recovery in Japanese scrap export prices after Kanto tender.

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