South Korea: Major mills resume scrap bookings from Russia

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Major South Korean steel mills have resumed contracts of Russian A3 scrap, as per SteelDaily reports.
Two mills combinedly booked a cargo containing 40,000 t of the material at a price of $425/t CFR. The cargo is expected to arrive in South Korea in Sept’22.
Due to supply shortage and continuously rising prices of domestic scrap, the deal got concluded at higher levels.

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