Author: Deepika Singh
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South Korea: POSCO bids for Japanese scrap after 3 months
Major South Korean steelmaker POSCO has announced bids for Japanese scrap after a gap of almost three months. Bids for HS grade material are at JPY 59,500/t CFR ($430/t), shindachi bara at JPY 59,000/t ($426/t) CFR and shredded at JPY 57,500/t ($415/t).