26
May
14:56
Hyundai Steel slashes bid price for Japanese scrap
Hyundai Steel has returned to the Japanese scrap marketplace with a hefty cut in its bid price, Kallanish notes. The South Korean mill’s bid marks its comeback after withdrawing from the market last month.
Hyundai posted bids for Japanese H2 scrap on 26 May at JPY 53,500/tonne ($421/t) fob and for H1/H2 at JPY 54,000/t. The steelmaker also bid for shredded scrap at JPY 57,000/t and HS grade at JPY 58,000/t. The mill's last H2 booking price was JPY 6…
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Anonymous
Very good overview of the weekly steel market.
Anonymous