Author: Nishtha Mukherjee

South Korea: Hyundai Steel cuts bids for Japanese scrap by up to JPY 3,000/t ($26)

Nov 5, 2021

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by

Nishtha Mukherjee

in Melting Scrap

South Korean steel major Hyundai Steel has slashed bids for Japanese ferrous scrap today. Bids have fallen by JPY 3,000/t ($26) for H2 grade scrap compared to the last bid on 22 Oct’21, and are now at JPY 51,500 ($453) FoB Japan. Bids have fallen due to declining bids in the Asian markets along with…