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South Korea’s Hyundai Steel lowered its bid prices for Japanese scrap on Thursday, Kallanish notes. The Korean steelmaker bid for Japanese H2 scrap at JPY 48,500/tonne ($344/t) and H1/H2 at JPY 49,000/t, down JPY 1,300/t from its previous purchase auction on 30 August. Its bid for HS grade scrap was at JPY 54,000/t, down JPY 1,500/t on the previous auction. These are on an fob basis, with freight from Tokyo to Inchon estimated at JPY 4,640/t. Korean de…
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Anna Low Singapore
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