October 12, 2008

Hyundai Steel purchases H1 scrap from Australia

South Korean Hyundai Steel purchased H1 scrap from Australia’s Smorgon Steel. The transaction price is around USD 617 per ton CNF for delivery in May.

Regarding comparisons, Malaysian imported H1 scrap purchase price has reached CNF USD 645 per tonne CNF and Taiwan has purchased H1, H2 mixed scrap (80:20) with purchase price around USD 600 per ton CNF.

(Sourced from YIEH.com)