22
Sep
14:15
Hyundai Steel cuts Japanese scrap purchase prices
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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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