Tag: Hyundai Steel bids for Russian cargo

South Korea: Hyundai Steel’s bids for Russian scrap remain stable

Mar 31, 2022

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by

Deepika Singh

in Melting Scrap

South Korean steel major Hyundai Steel’s contract bids for Russian A3 scrap remained unchanged against the last bid presented on 21 Mar’22, as per SteelDaily. Bids for A3 scrap this week stood at $620/t CFR. Sources revealed that Russian suppliers are actively exporting scrap due to the Russian Rubal (RUB) devaluation against the dollar (USD)…