22
Feb
13:38
Hyundai Steel bids lower for Japanese scrap
South Korean mills are trying to press down Japanese scrap prices, Kallanish notes.
South Korea’s Hyundai Steel on Wednesday bid for Japanese H2 grade scrap at JPY 51,000/tonne ($379/t) and H1/H2 grade at JPY 51,500/t. These bids are JPY 1,000/t lower than its previous bid on 2 February. The mill bid HS grade scrap at JPY 54,000/t, down JPY 2,000/t. These are on an fob Tokyo basis.
The Korean steelmaker's bid prices are much lower th…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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