11
Jun
17:03
South Korea's Hyundai books US bulk scrap
South Korea’s Hyundai Steel recently ordered a US West Coast scrap bulk cargo for August arrival, Kallanish understands. The 32,000-tonne cargo was booked at $515/tonne cfr HMS I at the end of the week through 4 June, Korean trading sources say.
Hyundai placed a bid for Japanese scrap at JPY 47,000/t ($428/t) fob Japan for H2 grade scrap basis in its 9 June procurement auction. The bidding closed early afternoon on 11 June but the tonnage secured was not imm…
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Anonymous
Very good overview of the weekly steel market.
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