- Major South Korean steelmaker POSCO has floated bids for premium grade Japanese HS scrap after a gap of three months following Hyundai Steel’s bid announcement.
- Bids for HS grade material were at JPY 64,000/t CFR ($504/t) while bids for shredded scrap were at JPY 63,000/t ($496/t) CFR.
- Prices have fallen significantly due to sluggish overseas sales of Japanese scrap.
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