S Korean domestic scrap prices rebound first week into Lunar New Year

摘要

Singapore—The South Korean domestic ferrous scrap market saw bids hiked by steelmakers into the first week of the Lunar New Year, as domestic scrap flows tighten amid strengthening seaborne prices, market sources said. Bids for Light A scrap, similar to Japanese H2 material, delivered to southern mills, ranged from Won 365,000-395,000/mt ($329- $356/ mt) Feb. 18, surging from the previous week’s range of Won 360,000- 365,000/mt.