Tag: Hyundai Steel bids for Russian cargo

South Korean steel major, Hyundai Steel, has lowered bids for Russian ferrous scrap, as per SteelDaily reports. The prices of Russian A3 scrap are now at $515/t CFR. Prices have fallen by $34/t compared to a deal concluded towards end-Oct’21 by Dongkuk Steel. Hyundai Steel has lowered bids amidst the global decline in scrap prices,…