South Korea: Hyundai Steel cuts bids for Japanese scrap after 2 months

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Hyundai Steel has cut bids for Japanese scrap by JPY 5,000/t ($37/t) for H2 and HS grade by JPY 6,000/t ($44/t) against the last bid on 6 Oct’22.
Bids for H2 scrap are at JPY 43,000/t ($315/t), while for HS the bid is at JPY 47,500/t ($348/t) FOB.
Japanese suppliers cut scrap offers on low interest from overseas buyers.

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