21
Oct
14:56
Japanese scrap prices increase further
The uptrend in Japanese scrap prices continues, Kallanish notes.
In South Korea, Hyundai Steel raised its bid for Japanese H2 scrap in its scrap auction on 21 October. The mill’s bid for H2 at JPY 54,500/tonne ($478/t) fob is JPY 2,500 ($22) higher than its tendered price on 14 October. It placed an order for 3,000-5,000 tonnes of H2 scrap, South Korean trading sources said on Thursday.
In its latest auction, the mill mainly bought Shindachi Bara (Bushelin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous