10
Dec
12:04
Hyundai cuts bid price for Japanese scrap
South Korea’s leading electric arc furnace operator, Hyundai Steel, has once again lowered its bid prices for Japanese scrap in its recent purchase auction.
The steelmaker placed bids on 9 December for H2 grade scrap at JPY 47,000/tonne ($414/t) fob Japan. It posted a bid at JPY 52,500/t fob for shredded scrap and JPY 55,500/t for HS grade scrap. It also bid at JPY 58,000/t for Shindachi Bara (loose) scrap in the same auction, Kallanish notes. The …
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