It is reported that South Korea’s Hyundai Steel has bought 50,000 tons
of H1 scarp from American Sims Metal Management Limited by spending around
US$367/ton C&F, which is US$11/ton lower than the previous purchase.
Hyundai Steel is likely to cut its scrap purchasing volumes further due to a
combination of plentiful inventories.
The above purchasing will be delivered in December.
Source:
Yieh