Tag: South Korea Ferrous Scrap Import

South Korea’s major steel manufacturer POSCO (Pohang Iron and Steel Company) hiked its bid further for Japanese scrap grades yesterday. In the latest bids presented by POSCO, the bid price for Japanese higher grade scrap- shindachi and shredded scrap stood at JPY 29,000/t CFR Korea, which is equivalent to around JPY 26,500/t ($ 254) FoB Japan…