Tag: Japanese scrap booking

South Korea-based SeAH Besteel has lowered its bids for Japanese ferrous scrap, as per latest reports. The company’s contract price for shredded scrap now stands at JPY 61,000/t CFR ($535/t), while the contract price for H2 grade material is at JPY 50,500/t FOB ($443/t). Earlier, Korean steel major Hyundai Steel, too, had reduced bids for…