Tag: South Korea Scrap

South Korea: Hyundai Steel lowers bids for Japanese scrap by $9/t

Aug 27, 2021

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by

Deepika Singh

in Melting Scrap

South Korean steel major, Hyundai Steel, has reduced bids for Japanese ferrous scrap by JPY 1,000/t ($9) against the last bid placed on 20 Aug’21, sources informed SteelMint. Bids for H2 scrap are now at JPY 44,000/t ($400) FoB. Bids for premium Japanese Shindachi bara scrap have settled at JPY 62,500/t FoB ($568.5)