Tag: south Korea bids for russian scrap
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South Korea: Major mills resume scrap bookings from Russia
Major South Korean steel mills have resumed contracts of Russian A3 scrap, as per SteelDaily reports. Two mills combinedly booked a cargo containing 40,000 t of the material at a price of $425/t CFR. The cargo is expected to arrive in South Korea in Sept’22. Due to supply shortage and continuously rising prices of domestic…