It is reported that South Korean Dongkuk Steel has purchased Japanese H2 scrap with prices of JPY 30,500 per tonne CNF Incheon port.

It is known that Dongkuk Steel bid JPY 28,500 per tonne FOB for Japanese H2 scrap, JPY 300 per tonne higher than South Korean Daehan Steel's purchase prices.

Meanwhile, Japanese scrap suppliers expected that the scrap export prices would raise in the near future. At present, the general export quotes of H2 scrap have increased to JPY 29,000 per tonne FOB.

(Sourced from www.yieh.com)