Tag: South Korea Hyundai bids for Japanese scrap

South Korea: Hyundai Steel reduces bids by $8/t for Japanese scrap

Dec 27, 2022

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by

Anshuman

in Melting Scrap

South Korean steel major, Hyundai Steel, reduced import prices by JPY 1,000/t($8/t) w-o-w. Prices are down after two consecutive hikes. The company’s bids for Japanese H2 scrap stand at JPY 49,000/t ($369/t), while for HS it is JP 53,000/t ($399/t) FOB on 27 Dec’22.