South Korea: Hyundai Steel lowers bids for Japanese scrap by JPY 1,500/t ($13)

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Hyundai Steel has lowered bids for Japanese scrap today by JPY 1,500/t ($13/t) compared to the last bid on 17 Feb’22, sources informed SteelMint.
Bids for H2 scrap are now at JPY 57,000/t ($495/t), while bids for HS scrap are at JPY 62,500/t ($543/t) FOB.
Increased number of offers from suppliers and lower demand resulted in lowering of bids.

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