South Korea: Hyundai Steel Books Bulk Scrap Cargo from US at Lower Prices
SteelMint in conversation with sources learned that Hyundai Steel has booked 45,000 MT HMS 1 scrap from US recently for Dec shipment.The deal was learned to have concluded at USD 244/MT, CFR basis. It is to be noted that with recent booking, bulk scrap bookings have come down by around USD 30. Prior to this in mid Sept'19, Hyundai Steel booked 45,000 HMS 1 scrap from US for Nov shipment at USD 275/MT, CFR basis.
In another recent bulk booking made, South Korea's Dongkuk Steel has booked 30,000 MT HMS 1 Scrap from US at USD 245/MT, CFR for Nov shipment.
This week, Hyundai Steel has kept away from bidding for Japanese scrap. Last week the company lowered its purchase bids for Japanese scrap by another JPY 1,000/MT today. In bids presented last week for Japanese scrap, the company has reduced H2 scrap bids to JPY 24,000/MT FoB Japan
Market awaits Kanto Tetsugen tender results - Market participants are waiting for Kanto Tetsugen tender for Oct'19 to get a clear outlook on Japanese scrap export prices. The tender is scheduled on 09th Oct'19.
source: SteelMint
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Resolute Mining says it will pay Mali $160 million in tax dispute
Gold loses some luster after Trump’s decisive win
BHP to spend up to $14 billion on Chilean copper expansion
Trump chooses oil fracking boss as energy secretary
Newmont sells Ontario gold mine to Orla for $850 million
South Africa police standoff with illegal gold miners escalates
BHP warns Australian mining not ready for low-cost competitors
Filo expands copper-gold Aurora zone in Argentina amid sale
Mining’s old guard needs strong medicine
Adani’s Australian coal unit faces human rights complaint
Hedge funds slash bullish wagers on gold before war jitters
Gold price set for biggest weekly jump in 20 months on haven demand
Marimaca Copper eyes ASX dual listing to boost Chile project
Osisko Development surges on permitting milestone for Cariboo gold project
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
Sierra Leone woos miners to clean energy with $11 billion plan
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Filo expands copper-gold Aurora zone in Argentina amid sale
Mining’s old guard needs strong medicine
Adani’s Australian coal unit faces human rights complaint
Gold price set for biggest weekly jump in 20 months on haven demand
Marimaca Copper eyes ASX dual listing to boost Chile project
Osisko Development surges on permitting milestone for Cariboo gold project
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence