20
Jan
14:04
East Asian scrap, Chinese billet edge higher
The East Asian market is seeing higher prices for scrap into South Korea and Vietnam, as well as billet into China, Kallanish notes.
South Korea’s leading electric arc furnace operator, Hyundai Steel, raised bid prices for Japanese scrap in its recent purchase auction. The steelmaker placed bids on 20 January for H2 grade scrap at JPY 51,000/tonne ($446/t) fob Japan, and JPY 58,000/t fob for shredded scrap, JPY 60,000/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous