21
Jan
13:32
South Korean mills book scrap in rising market
The East Asian bulk scrap market has seen recent import buying activity from South Korea, Kallanish notes.
A scrap supplier sold two cargoes last week to two South Korean mills. A leading Korean electric arc furnace mill took a 45,000-tonne cargo from the US West Coast at $524/tonne cfr HMS I basis. The other deal was for 25,000t of Australian-origin scrap at $525/t cfr to another South Korean mill.
“Scrap is very firm now,” a trader says. He adds 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