13
Jan
14:36
Hyundai raises bid price for Japanese scrap
South Korea’s leading electric arc furnace operator, Hyundai Steel, has raised its bid prices for certain Japanese scrap grades in its recent purchase auction.
The steelmaker placed bids on 13 January for H2 grade scrap at JPY 49,000/tonne ($428/t) fob Japan. It also posted bids at JPY 56,000/t fob for shredded scrap, JPY 58,000/t for HS grade scrap and JPY 57,000/t for Shindachi Bara (loose) scrap in the same auction, Kallanish notes. The mil…
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