Tag: South Korea Imported scrap prices

South Korea’s POSCO has increased bids for Japanese ferrous scrap in the range of JPY 1,000-2,000/t ($9-17/t) compared to last bids. Bids for shredded scrap are now at JPY 54,500/t FOB ($476/t)and for HS material are at JPY 56,500/t FOB ($494/t). Although these prices are lower by JPY 1,500 ($13/t) compared to Hyundai Steel’s bid…