25
Mar
11:52
Japanese scrap heads south
Japanese scrap prices continue to weaken in Japan and South Korea, Kallanish notes.
In Hyundai Steel’s latest Japanese scrap procurement auction on 25 March, the South Korean steelmarker bid for Japanese H2 grade scrap at JPY 40,000/tonne ($367/t) fob. Hyundai also bid for shredded grade at JPY 44,000/t, and for HS/Shindachi Bara grades at JPY 45,000/t in the same auction.
Hyundai’s latest scrap auction is JPY 1,000/t lower than Dongkuk Steel’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