Tag: Hyundai steel bids for Japanese scrap

South Korea: Hyundai Steel lowers bids for Japanese scrap by JPY 1,500/t ($13)

Feb 25, 2022

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by

Drishya Yadav

in Melting Scrap

Hyundai Steel has lowered bids for Japanese scrap today by JPY 1,500/t ($13/t) compared to the last bid on 17 Feb’22, sources informed SteelMint. Bids for H2 scrap are now at JPY 57,000/t ($495/t), while bids for HS scrap are at JPY 62,500/t ($543/t) FOB. Increased number of offers from suppliers and lower demand resulted…