11
May
11:04
Japanese scrap prices dwindle in export markets
Leading South Korean mill Hyundai Steel has lowered its bid prices for Japanese scrap, Kallanish notes. At the same time, the Vietnamese market is seeing muted interest for Japanese scrap.
The South Korean steelmaker's bids on 11 May were at JPY 46,300/tonne ($344/t) for H2 grade scrap, and at JPY 46,800/t for H1/H2 grade. Its bids for shredded and HS grades were at JPY 49,300/t and JPY 50,300/t respectively. These bids were each lower by JPY 1,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous