Author: Kedar
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South Korea: Hyundai Steel Cuts Bid for Japanese Scrap by USD 9
As per recent reports, South Korean leading EAF steelmaker, Hyundai Steel has lowered open bids for Japanese scrap by another JPY 1000/MT (USD 9) again this week on account of the continued downtrend of Japanese domestic scrap prices. In bids presented today for Japanese scrap, the company has reduced H2 bids to JPY 31,500/MT (USD…