September 08, 2008

Hyundai Steel purchases H1 scrap from US

South Korea’s Hyundai Steel has purchased H1 scrap from American’s Schnitzer Steel Industries Inc, Pacific Coast Regional Corporation and Sims group.

As per report the price is around USD 579 per tonne C&F and delivery on May, the price is about USD 84 per tonne higher compare to their previous purchase.

Hyundai Steel purchased 30,000 tonnes scrap from Schnitzer Steel Industries, which include 20,000 to 25,000 tonnes of shredded scrap and the rest is heavy melting scrap. On the other side, they purchased 35,000 to 40,000 tonnes scrap from Pacific Coast Regional Corporation, which included 10,000 to 12,000 tonnes of bushelings, 4,500 of No.2 bundle scraps, 10,000 tonne shredded scraps and 10,000 heavy melting scraps.

(Sourced from YIEH.com)