21
Jul
11:29
Hyundai shows buying interest for Japanese shredded scrap
Hyundai Steel’s latest bid price for scrap indicates its preference for higher-grade scrap, Kallanish understands. The South Korean mill’s bid for shredded scrap is more in line with current market levels. But Japanese scrap suppliers would deem the value too low for H2 grade scrap.
Hyundai posted bids for Japanese H2 scrap on 21 July at JPY 40,500/tonne ($292/t) fob and for H1 at JPY 41,500/t. The steelmaker also bid for shredded scrap at JPY 45,000/t…
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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