28
Feb
10:06
POSCO raises bid for Japanese scrap
A South Korean mill’s recent bid for Japanese scrap has surprised trading participants in the region, Kallanish notes.
Leading steel mill POSCO bid for Japanese HS grade scrap at JPY 59,000/tonne ($432) cfr Kwangyang or Pohang on Tuesday. “The price of the bid is higher than Hyundai Steel and Taiwanese buyers’ bids, so Japanese suppliers may accept it,” a Seoul-based trader says. POSCO's bid is JPY 1,000-2,000/t higher th…
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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