Hyundai Steel raises bid for Japanese H2 scrap: sources

摘要

South Korea’s leading electric-arcfurnacemill, Hyundai Steel, increased its bidfor Japanese H2 scrap by Yen 2,000/mt, fromits previous bid on August 5, to Yen 21,500/mt($215/mt) FOB Friday, trading sources said.Hyundai also raised its bid price forShindachi-grade scrap to Yen 24,500/mt FOB.The mini-mill kept its bid for JapaneseH2 scrap at Yen 19,500/mt FOB unchangedbetween July 29 until August 5. Last week,Hyundai Steel collected offers earlier in theweek but did not proceed to give out its bidprice preferring to skip its weekly purchasetender.