Tag: Hyundai Steel scrap purchase price
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S. Korea: Hyundai Steel fails to secure Russian scrap contract
South Korean steel major Hyundai Steel had placed bids for Russian-origin A3 scrap at $515/t CFR last week. According to SteelDaily, the contract failed to conclude due to bid-offer disparity. The previous deal had taken place at $545/t towards end Oct. Hyundai Steel’s crude steel output was recorded at 4.61 mn t in Q3CY’21, largely…