Seoul based steel giant Hyundai Steel has offered ten thousand tons of steel billet cargo for early October loading in a tender.
Hyundai Steel is looking for a price no lower than $510 per tonne fob for a cargo of 122x122mm billet.
Last month, Hyundai Steel called off an export tender for a similar-sized cargo due to low bids. The highest bid was understood to have emerged at $500 per tonne fob, which it turned down.
Zhejiang Yaang Pipe Industry Co., Limited (www.nctv.net)