26
Jan
10:57
Japanese scrap tumbles down
Japanese scrap continues to fall sharply, Kallanish notes.
South Korea’s Dongkuk Steel has squeezed prices lower with its bid for Japanese H2 grade scrap at JPY 36,500/tonne ($352/t) fob on Tuesday. The mill’s bid is JPY 3,000/t lower than Hyundai Steel’s bid for similar grade scrap last week, but Dongkuk only ordered 10,000t. “They think market prices will come down some more,” a Seoul-based trader said on Tuesday. Hyundai …
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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