This week, South Korea’s major EAF Steelmaker, Hyundai Steel has cut its purchase price for Japanese scrap amid low domestic market fundamentals in Korea as well as continued fall Japanese scrap price levels. Hyundai Steel has cut its bid by JPY 1000/MT (USD 9) against last week and its current bid for Japanese H2 stands at JPY 22,000/MT FOB (USD 212), in comparison to JPY 23,000/MT (USD 221) bid last week.
News ID: 8714 Publish Date : 2020/03/12
Indian steel mills have raised HRC export offers to Vietnam by USD 10-15/MT this week, SteelMint learned from market participants. After the hike, current HRC export offers from India is hovering around USD 510-515/MT CFR Vietnam for Feb'20 shipments.
News ID: 8217 Publish Date : 2019/12/30
With hike in Turkey imported scrap prices, prices in South Asian markets also moved up sharply. However, trades remained slow on high offers. Imported scrap market remained slow in India mid ongoing Diwali festive season. Hyundai Steel resumed bidding for Japanese scrap this week after a couple of weeks, at similar price levels.
News ID: 7108 Publish Date : 2019/10/26
South Korean leading EAF steelmaker - Hyundai Steel has resumed bidding for Japanese scrap this week after a couple of weeks. Company's bid have remain unchanged in last couple of weeks.
News ID: 7096 Publish Date : 2019/10/25
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.
News ID: 6704 Publish Date : 2019/10/04
Global ferrous scrap market witnessed a downward trend for yet another weeks in most major markets. Turkey witnessed further prices drop on a few deep-sea cargo bookings at lower prices. All South Asian markets witnessed fall in offers, with India seeing improvement in Buying activity. Hyundai Steel again cut its bids for procurement of Japanese imported scrap, while Japan's Tokyo Steel and China's Shagang Steel kept their Scrap purchase price unchanged this week.
News ID: 6596 Publish Date : 2019/09/28
‘Kanto Tetsugen’- Japan’s monthly ferrous scrap export tender for Sep’19 was concluded today (11th Sep’19) in the Kanto region. Total of 22,100 MT of H2 scrap was awarded at an average of JPY 24,849 /MT (USD 230), FAS, as compared to JPY 27,714/MT in Aug 2019, witnessing a sharp fall of JPY 2865/MT (USD 27) on a monthly basis, SteelMint learned from market sources.
News ID: 6455 Publish Date : 2019/09/11
In the beginning of this week imported HRC offers to Vietnam reported decline as buyers are expecting further downside in prices over volatility in Chinese prices and lower export offers from India amid weakening domestic prices.
News ID: 6006 Publish Date : 2019/08/17
This week imported HRC offers to Vietnam witness marginal decline by USD 5-10/MT as the gap between bids and offers continue to widen since end users in Vietnam are expecting further decline.
News ID: 5827 Publish Date : 2019/08/07
In conversation with market sources based in Vietnam, SteelMint analyzed that imported HRC prices to Vietnam soften further by around USD 10-15/MT towards the end of this week amid lower bids from end users in Vietnam.
News ID: 5739 Publish Date : 2019/08/05
This week imported HRC offers inched down further over weaker buying sentiments and lower bids from buyers in Vietnam on large no. of offers. Last week few deals of positioned cargo of Indian origin was sold at USD 505-510/MT, CFR basis.
News ID: 5653 Publish Date : 2019/08/01
Global ferrous scrap prices showed mixed trends in major markets this week. Japanese scrap prices begin rising with Tokyo Steel raised its scrap purchase bid, however, South Korea's Hyundai Steel remained silent. Turkey observed stability in prices against last week, while South Asian markets witnessed slowing down in trades thus keeping prices almost flat.
News ID: 5645 Publish Date : 2019/08/01
Global ferrous scrap prices showed mixed trends in major markets this week. Japanese scrap prices begin rising with Tokyo Steel raised its scrap purchase bid, however, South Korea's Hyundai Steel remained silent. Turkey observed stability in prices against last week, while South Asian markets witnessed slowing down in trades thus keeping prices almost flat.
News ID: 5557 Publish Date : 2019/07/29
South Korean based Hyundai Steel , in its Dangjin steel Mill can operate its blast furnace No 2 normally until the administrative authority comes out with probable alternatives to prevent fire or an explosion, as per Steel Daily.
News ID: 5241 Publish Date : 2019/07/17
After successfully completing the commissioning of its new horizontal straightening machine, Hyundai Steel has awarded SMS group a follow-up order for the revamp of its Incheon heavy section mill in South Korea.
News ID: 5050 Publish Date : 2019/06/19
South Korea’s HRC offers to Vietnam plunge in recent deal concluded- As per market sources based in Vietnam, South Korean based Hyundai steel has concluded HRC deal with Vietnam for June end shipments. As per an update, company booked around 20,000 MT of HRC with Vietnam based Hoasen for June end July shipments.
News ID: 4543 Publish Date : 2019/05/16
Japanese scrap exports to South Korea recorded above 0.40 MnT mark successively for the 2nd month while US scrap exports hit 5-month high in Feb'19
News ID: 4101 Publish Date : 2019/03/21
As per new price circular released, Japan’s leading EAF steel mini-mill - Tokyo Steel has raised domestic scrap purchase price further by JPY 500/MT (USD 5) at all five works on strong sentiments in Japan. New prices shall be effective from tomorrow.
News ID: 3936 Publish Date : 2019/03/10
Korean Hyundai Steel has awarded SMS group the Final Acceptance Certificate after successful commissioning of a new straightening machine for the medium section mill at its Incheon site, South Korea.
News ID: 3480 Publish Date : 2019/01/29
This week observed mixed trends in global scrap markets with Turkey scrap prices surprisingly jumped in recent deals while Asian scrap prices continued a downward correction. South Korean steel mills booked another 3-4 bulk cargoes from the US and Japan again this week.
News ID: 3476 Publish Date : 2019/01/29