October 12, 2008

Hyundai Steel pays more for American H1 scrap

South Korea’s Hyundai Steel has purchased American H1 scrap from Sims group. As per report the price was settled at around USD 717 per tonne about USD 38.5 per tonne higher compared to the previous purchase.

At the same time, Japan exported the H2 scrap to South Korea at JPY 67,200 per tonne (USD 642) CNF. Although in different grades, the prices of Japan H2 scrap were still well below America H1's.

(Sourced from YEIH.com)