Tag: South Korea Hyundai bids for Japanese scrap

South Korea: Hyundai Steel cuts Japanese scrap bids by $7/t

Feb 22, 2023

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by

Anshuman

in Melting Scrap

South Korean steel major, Hyundai Steel, has decreased import prices of Japanese scrap by JPY 1,000/t($7/t) on 22 Feb’23 after almost three weeks’ gap. After revision, the company’s bids for H2 scrap stand at JPY 51,000/t ($378/t), and those for HS are at JPY 54,000/t ($400/t) FOB. Following lower domestic scrap prices in South Korea…