Tag: hyundai steel reduces bid

South Korea: Hyundai Steel cuts bids for high-grade Japanese scrap

Dec 17, 2021

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by

Drishya Yadav

in Melting Scrap

South Korean steel major Hyundai Steel has slashed bids for high-grade Japanese ferrous scrap today. Bids have been reduced by JPY 2,000/t ($18/t) for shindachi bara scrap and JPY 500/t ($4/t) for HS grade scrap, compared to the last bid on 10 Dec’21. Bids are now at JPY 56,000/t ($493/t) FOB Japan for shindachi bara…