27
Apr
13:05
Hyundai, Taiwanese mills cut scrap purchase prices
Scrap markets continue to weaken in East Asia. Leading mills announced a cut in their scrap procurement prices, Kallanish notes.
South Korea’s leading electric arc furnace operator, Hyundai Steel, has further lowered its bid prices for Japanese scrap. It cut its prices on Thursday for all grades by JPY 1,000/tonne ($7/t) from 20 April.
Its bids on 27 April were at JPY 47,800/t ($58/t), and H1/H2 grade at JPY 48,300/t. The Korean steelmaker’s…
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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