Tag: South Korea scrap price

SeAH Besteel lowers bids for few Japanese scrap, suppliers resist

Nov 26, 2021

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by

Drishya Yadav

in Melting Scrap

South Korean major mill, SeAh Besteel signed a few contracts recently. The company’s contract price for shredded scrap now stands at JPY 57,000/t (497/t) CFR, down by JPY 1,000/t ($9/t) compared to last week, as per SteelDaily reports. However, bids for Shindachi-bara scrap are at JPY 65,000/t ($567/t) CFR, increasing by JPY 1,000/t ($9/t) from…