05
Oct
08:55
Hyundai bids lower for Japanese scrap
South Korea’s Hyundai Steel has lowered its bid prices for Japanese scrap, Kallanish notes. This is the second time the Korean steelmaker has cut its scrap prices in nearly two weeks.
The Korean steelmaker bid on Wednesday for Japanese H2 scrap at JPY 48,000/tonne ($332/t) and H1/H2 at JPY 48,500/t, down JPY 500/t from its previous purchase auction on 22 September. Its bid for HS grade scrap was at JPY 53,500/t, also JPY 500/t lower on the previous auct…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous