Reportedly, South Korean Hyundai Steel recently purchased around 40,000 tonnes of H1 scraps from Schnitzer Steel with prices of USD 372 per tonne C&F for September delivery.
Industry sources said that that the current transaction prices have decreased by USD 10 per tonne. Also, it has dropped by around USD 20 per tonne in comparison of the purchasing prices in June.
For the prospect, industry sources predicted that South Korea’s import prices of scraps would decline further.
Source – yieh.com