Japanese scrap prices fall in a recent booking by South Korean mill

South Korean mill – Dongkuk Steel has lowered bids for Japanese scrap, as per SteelDaily report. The company has booked Japanese H2 scrap at JPY 26,500/t FoB ($251) basis. It is lower by JPY 500/t ($5), as compared to Hyundai Steel’s last bid at JPY 27,000/t FoB ($ 256) on 24th Sep’20.