17
Feb
09:05
Japanese scrap ascends strongly in East Asia
The strong uptick in Japanese scrap continues in South Korea and in the region, Kallanish notes. Leading South Korean electric arc furnace steelmaker Hyundai Steel raised its bid prices for Japanese scrap on Thursday by JPY 3,000-4,500/tonne ($26-39/t) in its weekly purchase auction.
Hyundai’s latest bid price for H2 is at JPY 58,500/t ($507/t) fob, up JPY 3,500/t from its previous auction on 10 February. Its bid for shredded scrap was at JPY 64,00…
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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