Hyundai Steel cuts bids for high-grade Japanese scrap

South Korean steel major Hyundai Steel has slashed bids for high-grade Japanese ferrous scrap today.

Bids have been reduced by JPY 2,000/t ($18/t) for shindachi bara scrap and JPY 500/t ($4/t) for HS grade scrap, compared to the last bid on 10 Dec'21.

Bids are now at JPY 56,000/t ($493/t) FOB Japan for shindachi bara and JPY 55,000/t ($484/t) for HS grade.