South Korea: POSCO raises bids for Japanese scrap by $4/t

—

POSCO has increased bids for Japanese ferrous scrap by JPY 500/t ($4/t) compared to the last bids placed on 21 Jan’22, as per a SteelDaily report.
Bids for shredded scrap are now at JPY 62,000/t CFR ($538/t) and for HS material at JPY 64,000/t CFR ($555/t).
With the hike in bids by Hyundai Steel, POSCO too has increased purchase prices.

Comments