Japanese H2 scrap for export under pressure

Thursday, 13 June 2019 00:51:05 (GMT+3)   |   San Diego

Sources inform SteelOrbis that South Korea’s Hyundai Steel has decreased its bid amount for Japanese H2 scrap from approximately JPY 30,000/mt ($274/mt) FOB Japan on a May 23 bid to JPY 29,000/mt ($268/mt) FOB Japan, down $6/mt. The mill has reportedly booked ex-US scrap cargoes in the past week and, therefore, placed lower bid levels in Japan.

USD = JPY 109.59 (May 23)

USD = JPY 108.38 (Jun 13)

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