Tag: South Korea scrap price

South Korea-based SeAH Besteel has lowered its purchase price for Japanese ferrous scrap, as per reports. Bids for Shindachi bara scrap are at JPY 62,000/t FoB ($564), while the arriving price is JPY 66,000/t CFR levels ($601). The bid price has dropped by JPY 500/t ($5) compared to Hyundai Steel’s bid last weekend, which was…