South Korea: Hyundai Steel’s bids for Russian scrap remain stable

  • South Korean steel major Hyundai Steel’s contract bids for Russian A3 scrap remained unchanged against the last bid presented on 21 Mar’22, as per SteelDaily.
  • Bids for A3 scrap this week stood at $620/t CFR.
  • Sources revealed that Russian suppliers are actively exporting scrap due to the Russian Rubal (RUB) devaluation against the dollar (USD) after the outbreak of war.

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