Tag: Hyundai steel bids for Japanese scrap

South Korea: Hyundai Steel lowers bid for Japanese scrap by JPY 1,000/t ($9)

May 20, 2021

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by

Deepika Singh

in Melting Scrap

South Korean steel major Hyundai Steel has lowered bids for Japanese scrap by JPY 1,000/t ($9) for all grades, SteelMint confirmed from sources. Bids for H2 are now at JPY 49,000/t ($449) FoB, down against the last bid presented on 18 May’21. Falling bids for Japanese scrap in China have turned sentiments bearish, even if…