Tag: Hyundai steel bids for Japanese scrap

South Korea: Hyundai Steel resumes bids for Japanese scrap as prices drop

May 26, 2022

—

by

Deepika Singh

in Melting Scrap

Hyundai Steel has cut bids for Japanese scrap sharply by JPY 12,500/t ($98/t) for H2 grade and JPY 13,500/t ($106/t) for shredded scrap after more than a month’s gap. Bids for H2 scrap are now at JPY 53,500/t ($420/t) while those for shredded are at JPY 57,000/t ($447/t) FOB. Global market sentiments and the selling…