Tag: POSCO bids for japanese scrap

Major South Korean steelmaker POSCO has floated bids for premium grade Japanese HS scrap after a gap of three months following Hyundai Steel’s bid announcement. Bids for HS grade material were at JPY 64,000/t CFR ($504/t) while bids for shredded scrap were at JPY 63,000/t ($496/t) CFR. Prices have fallen significantly due to sluggish overseas…