02
Feb
14:07
Hyundai Steel bids for Japanese scrap
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Japanese scrap is holding firm in East Asia, Kallanish notes.
South Korea’s Hyundai Steel bid on Thursday for Japanese H2 scrap at JPY 52,000/tonne ($405/t) and H1/H2 at JPY 52,500/t. Its bid for shredded grade scrap was JPY 54,500/t and HS scrap at JPY 56,000/t. These are on an fob Tokyo basis.
Meanwhile, the Japanese Kansai export tender settled the day before at JPY 51,620/t fas. The awarded 3,000-tonne cargo is likely to be shipped to Sou…
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Anna Low
Singapore
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Very good overview of the weekly steel market.
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