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US H1 scarp export prices to South Korea drop

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
Sep 29, 2014 14:26
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