South Korea: POSCO books 10,000 t Japanese scrap

South Korean steelmaker – POSCO has concluded a deal for 10,000 t of Japanese HS, shindachi, and shredded at around JPY 32,000/t CFR ($ 302) Korea basis, as per Steel Daily report. Another South Korean mill, Dongkuk Steel has signed a contract of around 60,000 t of Japanese scrap in last two weeks. Japanese scrap export offers have risen significantly on supply tightness.